Hello everyone, Ken here!
Looking at the chart, gold is still trading within a clear rising channel, but the price has now moved up to the upper boundary. This is an area where profit-taking pressure often appears and can act as dynamic resistance.
If buying momentum weakens, the market is likely to see a short-term correction toward the support zone around 3,630 USD. If buyers defend this level, the bullish trend can continue. On the other hand, if support is broken, gold may retreat further toward the lower boundary of the channel.
The key is to watch candlestick signals and volume at these critical levels. Careful risk management should always be the top priority before making decisions. Trade safe!
Looking at the chart, gold is still trading within a clear rising channel, but the price has now moved up to the upper boundary. This is an area where profit-taking pressure often appears and can act as dynamic resistance.
If buying momentum weakens, the market is likely to see a short-term correction toward the support zone around 3,630 USD. If buyers defend this level, the bullish trend can continue. On the other hand, if support is broken, gold may retreat further toward the lower boundary of the channel.
The key is to watch candlestick signals and volume at these critical levels. Careful risk management should always be the top priority before making decisions. Trade safe!
Dagangan aktif
Nota
Gold is moving quickly towards the upper boundary, and I think the second price rejection from there will trigger a correction, as mentioned earlier.Dagangan ditutup: sasaran tercapai
Nota
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.