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Gold finished its correction phase and is bullish after breaking last month's high 2387, retesting the channel's lower line at 2290, and breaking out of the small correction downtrend channel.
Gold is currently in an uptrend on the daily timeframe with the next target to a new all-time high and the upper channel at 2550-2600.
Gold is currently in an uptrend on the daily timeframe with the next target to a new all-time high and the upper channel at 2550-2600.
Note
still on targetNote
A new all-time high was reached, but still not the target at the upper channel.
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