Gold’s uptrend is clear, controlled, and far from over

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Gold remains the centerpiece of bullish momentum, trading within a well-defined ascending channel. Price continues to respect the structure, printing higher highs and higher lows, with no signs of exhaustion thus far.

A key resistance level was recently broken and has now flipped into support. Price is currently retesting this zone — a classic move in trending markets. If this area holds, it would validate the breakout and open the path for a potential move toward $3,460, aligning with the channel’s upper boundary.

As long as price stays above this retested support, the bullish outlook remains intact. A failure to hold, however, would invalidate the setup and shift focus to the lower channel boundary as the next area of interest.

Reminder: Always wait for confirmation before entering and apply strict risk management.

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