Gold continues to respect a solid bullish structure within an ascending price channel. After a healthy pullback from recent highs, the price has retested a key technical support area and is showing signs of a strong rebound.
Current price action reveals that the market is respecting both the FVG zone and the rising support line—clear signals that smart money is still leaning toward the buy side. The next bullish targets lie around the upper resistance zone.
From a macro perspective, weaker-than-expected U.S. retail sales have placed downward pressure on the dollar, fueling speculation that the Fed may soon pivot toward easing. This adds momentum to gold’s upside potential.
Current price action reveals that the market is respecting both the FVG zone and the rising support line—clear signals that smart money is still leaning toward the buy side. The next bullish targets lie around the upper resistance zone.
From a macro perspective, weaker-than-expected U.S. retail sales have placed downward pressure on the dollar, fueling speculation that the Fed may soon pivot toward easing. This adds momentum to gold’s upside potential.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.