Gold (XAUUSD) is painting a clear picture on the daily chart. The price is locked within a rising channel, printing higher highs and higher lows—textbook uptrend behavior. Right now, gold has pulled back to test the middle-to-lower boundary of this channel, which is exactly where we've seen buyers step in before. This is a key support zone. The bigger question: can gold hold above this level? If it does, we're looking at the bulls maintaining control. Break below, and you're watching the structure crack. It's one of those setups where the next move matters.
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PhantomHunter
· 13h ago
The middle support is back again. It's really hard to tell whether the next move will be a continued rise or a breakdown...
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rekt_but_not_broke
· 13h ago
This wave of gold pulling back to support, isn't it obvious to everyone?
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ImpermanentPhilosopher
· 13h ago
Hmm, gold's recent movement is truly textbook-like. If it can't hold this support, it's going to be in trouble.
Gold (XAUUSD) is painting a clear picture on the daily chart. The price is locked within a rising channel, printing higher highs and higher lows—textbook uptrend behavior. Right now, gold has pulled back to test the middle-to-lower boundary of this channel, which is exactly where we've seen buyers step in before. This is a key support zone. The bigger question: can gold hold above this level? If it does, we're looking at the bulls maintaining control. Break below, and you're watching the structure crack. It's one of those setups where the next move matters.