Hello traders,
The chart shows Gold in an upward channel, indicating a bullish trend:
Key Resistance: $2,680–$2,692.
Key Support: $2,623–$2,632.
Expect a retracement to support ($2,632) before a possible rally toward resistance ($2,692).
Long positions could target $2,680+ with a stop-loss below $2,624.
Watch for breakouts beyond the channel for trend changes.