GOLD trade review

[nihalsari]

Hello Traders!

What are your thoughts on GOLD?
Gold has entered a corrective phase after printing a new high and is currently consolidating within a clearly defined channel.
The price is fluctuating inside this channel and may even test the lower boundary before continuing higher.
As long as gold remains within the channel, sideways to slightly downward movement can be expected in the short term.
A bullish breakout above the channel would likely act as a trigger for the next impulsive move, potentially leading to a new all-time high.
Wait for a confirmed breakout before entering long. Premature entries within the range may face choppy action.
Don’t forget to like and share your thoughts in the comments! ️