Gold remains well-positioned in a strong bullish trend, although prices have struggled to break above the rising trendline of the ascending channel. Considering that this move could represent the fifth wave of a larger-degree Elliott Wave structure, I’m on high alert for a potential correction. A pullback could bring prices back toward the $2,600 area. However, as of now, there are no clear signs of weakness, and the trend remains decisively bullish. 📈🔥
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