GOLD Descending Channel: Drop to 2605 or Break to 2680?

Gold is currently trading within a descending channel. If the price continues to move within this channel, there is a strong possibility that it could drop further, potentially reaching the 2605 support level. However, if the price breaks above the descending channel, we expect it to reverse and rise back up toward the 2680 level. What are your thoughts on this movement? Feel free to share your insights and views with us.

註釋

Gold has recently broken out of its descending channel, showing an upward movement. However, it's now approaching the descending channel’s resistance where sellers are typically active. This level could momentarily stall the price rise. If gold manages to break through this resistance despite the selling pressure, we anticipate a continuation of the bullish trend with further price increases. Traders should closely monitor how the market reacts at this critical resistance point.