Gold (XAUUSD)Long
GOLD (XAUUSD): Breakout & Bullish Outlook
Gold is trading in a long-term bullish trend within a parallel rising channel.
The market successfully broke and closed above an important daily horizontal resistance level that was previously set at an all-time high on Friday.
After the market opened, there was a retest of this broken structure, which was met with a bullish response.
As a result, it is likely that the bullish trend will continue. The next target is set at 2817.
The market successfully broke and closed above an important daily horizontal resistance level that was previously set at an all-time high on Friday.
After the market opened, there was a retest of this broken structure, which was met with a bullish response.
As a result, it is likely that the bullish trend will continue. The next target is set at 2817.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.