hello guys...
Gold recently broke out of its ascending channel, reaching the 4.2 Fibonacci retracement level, signaling a strong bullish trend.
The current retracement towards the channel's midpoint and the flip area is seen as a healthy correction. Traders are closely monitoring this zone as a potential entry point, anticipating another upward movement towards the top line of the channel.
The 4.2 Fibonacci level serves as a crucial reference point, and overall sentiment suggests a continuation of the bullish trend in the gold market.
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Gold recently broke out of its ascending channel, reaching the 4.2 Fibonacci retracement level, signaling a strong bullish trend.
The current retracement towards the channel's midpoint and the flip area is seen as a healthy correction. Traders are closely monitoring this zone as a potential entry point, anticipating another upward movement towards the top line of the channel.
The 4.2 Fibonacci level serves as a crucial reference point, and overall sentiment suggests a continuation of the bullish trend in the gold market.
___________________________
💻📞☎️ always do your research.
💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them.
📊📌❤️And please don't forget to support this idea with your likes and comment
Comment:
the triangle area didn’t touch but the channel line worked fantastic!
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