Gold (XAUUSD) Poised for Further Gains:Breakout Within Ascending

kemarin duluhello guys.

Uptrend Channel: The price of Gold (XAU/USD) is moving within an ascending channel, showing a strong uptrend.

Support and Resistance Levels: A range breakout has occurred, with support at around 2,520 and resistance in the 2,620-2,640 zone.

Key Fibonacci Levels: Price is currently pushing towards the 1.66 and 2.00 Fibonacci extension levels, which suggests potential further upward movement.

Bullish Momentum: The breakout of the range signifies strong bullish momentum, with potential upside towards the upper levels of the channel.

Next Target: Based on the pattern, the next target appears to be around 2,640, followed by the upper boundary of the channel.

Potential Pullback: A minor pullback could occur near 2,546-2,520 levels before continuing upwards.

This analysis suggests a continuation of the bullish trend, with opportunities for re-entries on pullbacks within the ascending channel.

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