GOLD is in an ascending channel below the trend lines.

The price is moving from the upper boundary of the channel and is now approaching the 38.2% retracement level.

The chart maintains an ascending structure.

We expect a retest of the support level with a possible reaching of the lower channel boundary and further growth of XAUUSD.

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Chart PatternsgoldanalysisgoldsignalSupport and ResistanceTrend Analysis

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