GOlD → stick to the long position

2024年8月21日

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

2024年8月21日

交易進行

the blue area is touched so the position is activated.

2024年8月21日

註釋

2024年8月24日

交易進行

a new update for the long position's target!