XAUUSD broke the ascending channel

XAUUSD moved within the ascending channel, which formed when the price touched the channel borders 8 times and has been valid since 23 March.

Current situation

XAUUSD broke through the space_channel_lower boundary of the ascending channel.

Possible scenario

Analysts recommend opening a Sell order with a stop loss near the lower channel border.

We will publish our next post on price channels at 3:00 p.m. UTC today. Come back to discover more trading insights.

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XAUUSDT

دائم

4,790.41

-0.57%