GOlD → stick to the long position

21 авг.

hello guys.

I believe gold is still bullish and only long positions are logical.

Channel Breakout: The price of gold has broken out of the main ascending channel, indicating a strong bullish move.
Fake Divergence: A fake divergence was spotted, but the price continued to rise, rejecting bearish signals.
Support Zone: The price is currently hovering above a significant support zone (highlighted in blue), which could serve as a springboard for further upward movement.
Target: The next potential target lies near the upper boundary of the newly formed channel, around the $2,550 mark.

Summary

• Breakout: Price broke above the main ascending channel.
  
• Support: Holding above a key support zone.
  
• Target: Aiming for $2,550 as the next potential resistance level.
  

___________________________

✓✓✓ Always do your research.

❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.

❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment

21 авг.

Сделка активна

the blue area is touched so the position is activated.

21 авг.

Заметка

24 авг.

Сделка активна

a new update for the long position's target!