Gold - 1H ascending channel

١٩ ديسمبر ٢٠٢٣

After a bullish spike, I look for the formation of a channel to gauge the market's next move. It's a strategy that often reveals whether the initial surge is sustainable or just a temporary blip. In this chart, we see Gold forming an ascending channel post-spike, suggesting the uptrend may continue.

٢٢ ديسمبر ٢٠٢٣

تعليق

The XAUUSD price is still in the ascending channel and the bullish target is upper than these levels.

٢٧ ديسمبر ٢٠٢٣

تعليق

Spot on! The channel performed perfectly. A toast to all the buyers who capitalized on this trend...