GOLD (XAUUSD): Technical Outlook For Today🥇

Quick update for Gold:
We have spotted earlier a major weekly structure resistance that the price is approaching at the moment.

Analyzing intraday time frame, we see that the market is steadily growing within a rising parallel channel.
While the price is staying within, the market remains bullish.

Bearish breakout of a support of the channel will trigger a correctional movement.

Bullish breakout of a weekly resistance will trigger a bullish continuation.

For now, the best strategy is to wait!

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02:15