XAUUSD brokeout above the descending channel resistance.
Price is retesting the flip descending channel support + ascending channel support.
We could see an uptrend continuation.
Target 🎯 - Resistance levels
Setup invalidation ❌ - breakdown below the ascending channel support.
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.