The lower resistance line of the ascending channel for XAUUSD 
GOLD has just been breached for the first time since the channel's establishment nearly 4hrs ago. Though still a bull market today,I think the price awaits NY session traders to pull it further upwards. I predicted today's high for Friday in the linked idea but now seems I underestimated the price velocity and momentum this week had. A lot of headroom for buyers today with current 1st resistance at $2,520.
$2,550 is doable.
NEXT PSYCHOLOGICAL LEVEL/BARRIER IS $2,750.
Funny thing is I thought I was mad when I considered September-2024 Gold Call options for $2,650. I confirmed I was mad by ignoring them back then.
GOLD has just been breached for the first time since the channel's establishment nearly 4hrs ago. Though still a bull market today,I think the price awaits NY session traders to pull it further upwards. I predicted today's high for Friday in the linked idea but now seems I underestimated the price velocity and momentum this week had. A lot of headroom for buyers today with current 1st resistance at $2,520. $2,550 is doable.
NEXT PSYCHOLOGICAL LEVEL/BARRIER IS $2,750.
Funny thing is I thought I was mad when I considered September-2024 Gold Call options for $2,650. I confirmed I was mad by ignoring them back then.
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