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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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.