Gold Spot / U.S. DollarUpdated Gold: The End of the Bull Run or Just a Pause?
- After reaching an all-time high of 2685, the price has experienced a decline.
- Currently, the price is moving within an ascending parallel channel.
Key Levels to Watch:
- $2680 - This level is currently serving as an immediate resistance. A new rally is expected following a successful breach of this threshold.
- $2530 - Previously a resistance level, this now functions as support. A drop below this point could lead to a more substantial decline.
Within this 150-point range, the price seems to be showing significant volatility.
Trade active
GOLD RUSH ALERT!
Breakout detected! Seize the opportunity to go LONG. Prices set to soar!
Caution: Trade wisely, manage risk.
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