j.Hejazi | Gold Channel: Targets Ahead

After reaching the support level of 1830 and being rejected, GOLD formed a price channel. It appears that gold is poised to climb up and retest the resistance level of 1861.10, which happens to be the top line of the channel, a supply zone, and the location of the 50 4-hour moving average. Based on this, I anticipate that gold could move towards the targets of 1820.250 and 1790.

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