OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is still playing within a tight range as well as a ascending channel formation continuously targeting that 1795 area. We would expect the price to trade within this range and channel until either 1795 is broken opening up the higher price points of 1803 and then 1810, or 1780-75 is broken and we close below it. This would open up lower price levels of 1760 and then 1750-45 below that. We're going to stick with our published plan and look for support with the anticipation of the price breaking to the upside in the short term.

Trade closed: target reached
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🟡 Disclaimer: Not financial advice. For educational purposes only.