XAUUSD moves within the ascending channel
Analysis explanation:ascending channel
XAUUSD moved within the ascending channel, which formed when the price touched the channel borders 4 times and has been valid since 23 March.
Current situation
The price is moving towards the upper border of the ascending channel.
Possible scenario
Analysts recommend opening a Buy order with a take profit near the upper channel border.
We will publish our next post on price channels at 7:00 a.m. UTC on 30 March. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.$XAU
XAUUSDT
Perp
4,502.19
+0.10%