XAUUSD Next MovesObservations suggest that Gold is trending upward within a parallel channel, with trend lines serving as key resistance and support levels, on the 4-hour time frame.
Recently, Gold has experienced a reversal from the resistance line and is expected to test the support line shortly.
Upon finding support, we anticipate Gold will propel higher and reach new highs around 28**. In the near term, a sell opportunity may arise up to 2750.
Key buying areas to watch are:
1. 2745-2750
2. 2730-2733
These levels may provide a strong foundation for a potential upward move.
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