xauusd → still bullish!

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hello guys...


Gold recently broke out of its ascending channel, reaching the 4.2 Fibonacci retracement level, signaling a strong bullish trend.

The current retracement towards the channel's midpoint and the flip area is seen as a healthy correction. Traders are closely monitoring this zone as a potential entry point, anticipating another upward movement towards the top line of the channel.

The 4.2 Fibonacci level serves as a crucial reference point, and overall sentiment suggests a continuation of the bullish trend in the gold market.

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ملاحظة

the triangle area didn’t touch but the channel line worked fantastic!