GOLD has continued to climb inside a rising channel structure recently breaking above short-term resistance levels and printing new highs The market is showing strength—but as always price doesn’t move in a straight line,🔍 Current View:
Gold just tapped the upper boundary of the long-term ascending channel.
A sharp rejection followed, signaling potential for a short-term pullback.
Price is still above key support zones, and the bullish structure remains intact.
🧭 What to Expect
1. Minor correction or consolidation expected below the 3444 resistance level.
2. As long as price holds above 3378–3340 the bullish bias remains strong.
3. A break back above the recent high could drive price toward the psychological target at 3480
Resistance: levels 3444, 3456, 3480,
Support: levels 3339, 3319,
✅ Strategy Idea:
Wait for the correction to unfold If price shows strength around support or OB zones this could offer a clean continuation setup. Momentum buyers might wait for a breakout retest of 3444
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Best Regards TrendLinford!
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