Gold (XAUUSD) has been trading within a descending channel on the 1-hour timeframe, experiencing a sharp breakdown below the lower boundary. However, price action suggests a potential recovery, with a forecasted bounce back into the channel. If momentum holds, XAUUSD could see a bullish correction toward the upper trendline. Traders should watch for confirmation signals before entering long positions.
Gold (XAUUSD) has been trading within a descending channel on the 1-hour timeframe, experiencing a sharp breakdown below the lower boundary. However, price action suggests a potential recovery, with a forecasted bounce back into the channel. If momentum holds, XAUUSD could see a bullish correction toward the upper trendline. Traders should watch for confirmation signals before entering long positions.
Gold (XAUUSD) has been trading within a descending channel on the 1-hour timeframe, experiencing a sharp breakdown below the lower boundary. However, price action suggests a potential recovery, with a forecasted bounce back into the channel. If momentum holds, XAUUSD could see a bullish correction toward the upper trendline. Traders should watch for confirmation signals before entering long positions.
Trade active
Note
Trade Active Running 130 pips profit Trade closed: target reached
target reached successfully achieved 280+ pips
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.
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.