From TradingView · · 40s
Gold Price Expected to Rise
Gold price may break above 4250 after strong reversal in trading channel.
In brief
Gold price may break above 4250 after strong reversal in trading channel. Gold price could rally above 4250 following reversal from channel bottom. Originally reported by TradingView.
Gold Price Movement
XAUUSD is growing slowly inside a growing channel with a strong reversal from the bottom layer of the channel formed.
“XAUUSD BULLISH CONTINUATION”
Expected Price Action
TraderChampX expects gold price to restest the major supply zone with a clear breakout above 4250 supporting a rally.
Price Target
A clear breakout above the highlighted zone will support a rally close or above 4250.
Here's the gist
Gold price could rally above 4250 following reversal from channel bottom.
