Gold is trading around $3859 and is moving within an upward channel, keeping the overall structure bullish. Price has recently tested support near $3844 and is showing signs of holding this zone. As long as gold stays above $3840, upside momentum may continue towards $3896 first, and then extend higher towards $3936–$3960 in line with the channel’s upper boundary. On the downside, a break below $3827 could trigger a deeper pullback towards $3793, which is the channel’s base support. In summary, gold remains bullish above $3840, but a drop below $3827 would shift momentum towards further correction.
Overall, the structure remains bullish while price stays inside the ascending channel, but short-term volatility and false breakouts should be expected.
🔑 Key Levels to Watch:
- Resistance: $3896 → $3936 → $3960
- Support: Immediate support $3844 → $3827 → $3805
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Overall, the structure remains bullish while price stays inside the ascending channel, but short-term volatility and false breakouts should be expected.
🔑 Key Levels to Watch:
- Resistance: $3896 → $3936 → $3960
- Support: Immediate support $3844 → $3827 → $3805
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Trade aktif
Upside momentum may first target 3896, with potential continuation towards 3936–3960, following the upper channel resistance.
Resistance: $3896 → $3936 → $3960
Immediate support $3844 → $3827 → $3805
Trading ditutup: target tercapai
Target achieved successfully$78=780 Pips Booked ($3,857-$3,935 Target)
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