GOLD (XAUUSD): Technical Outlook For Today🥇

Quick update for Gold:
We have spotted earlier a major weekly structure resistance that the price is approaching at the moment.

Analyzing intraday time frame, we see that the market is steadily growing within a rising parallel channel.
While the price is staying within, the market remains bullish.

Bearish breakout of a support of the channel will trigger a correctional movement.

Bullish breakout of a weekly resistance will trigger a bullish continuation.

For now, the best strategy is to wait!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

评论:

Watch my new video on GOLD:

02:15