Gold - Macro View 🌎

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📌Monthly: Left Chart
From a macro perspective, Gold has been generally bullish, trading within the rising brown channel.

For the bulls to maintain control, a break above the 2075.0 level is essential. In this scenario, a continuation toward the upper boundary of the brown channel can be anticipated.

📌Weekly: Right Chart
Meanwhile, from a medium to long-term perspective, Gold appears to be confined within a range, currently nearing its upper boundary.

As long as the 2075.0 resistance holds, the possibility of a bearish correction persists. Confirmation of a bearish reversal setup would depend on lower timeframes.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich