XAUUSD perfectly played out my previous trading idea. Price remains firmly bid after defending the rising trendline and printing another sequence of higher lows within the ascending channel. The recent push above the 5,200 area confirms sustained demand, while momentum continues to build rather than fade. Price action suggests strength, not exhaustion, as buyers keep stepping in on shallow pullbacks.If the market holds above the rising support band,
GOLD could grind higher toward the 5,500 psychological level, where the upper channel resistance comes into play. Any short-term dip toward trend support may attract fresh demand rather than trigger distribution.➡️ Primary scenario: continuation above 5,135 → advance toward 5,500.
⚠️ Risk scenario: a decisive breakdown below the rising trendline could delay upside and expose a deeper consolidation.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.