The Gold Bulls Take Control!
Hi everyone, Kilian here!
Let’s talk about XAUUSD.
Gold is showing a clear and structured bullish trend right now. The price continues to move within a well-established ascending channel, and the price action has consistently respected both the upper and lower boundaries. This suggests that the buying pressure remains strong.
The next logical step for me is a break above the current resistance zone. If we see that breakout, I expect the price to pull back briefly to test the support level before continuing its upward movement. A successful retest of support would solidify the bullish structure and set the stage for a move toward the 3,970 level, aligning with the upper boundary of the channel.
However, if the resistance proves too strong and the breakout doesn’t happen, this could signal a weakening of the bullish momentum. In that case, we could see a deeper pullback toward the lower boundary of the ascending channel, offering another potential entry point.
It’s crucial to always confirm your setups and manage risk properly. Be prepared for both scenarios, and best of luck with your trades!
source https://www.tradingview.com/chart/XAUUSD/1WaTmJRp-The-Gold-Bulls-Take-Control/
source https://www.cryptomadden.com/2025/10/the-gold-bulls-take-control.html
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