GOLD - Potential Bullish Break & Retest Setup
Gold is currently trading above the $2,700 level, which previously acted as resistance and could now serve as support. If the price pulls back and buyers defend this level, it could confirm bullish momentum, leading to a continuation toward the next target at $2,712. However, failure to hold above the zone may invalidate this setup and signal potential bearish pressure.
This scenario aligns with the broader ascending channel structure, suggesting the potential for further upside if key support holds.
This scenario aligns with the broader ascending channel structure, suggesting the potential for further upside if key support holds.
Trade active
Trade closed: target reached
Take Profit reached
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