Gold Daily Chart Analysis: Strong Rebound from Ascending Channel Midline Signals Potential Rally Toward $3,000

The daily chart for gold indicates a significant rebound after finding strong support at the midline of the ascending channel. This move has triggered a recovery in the Relative Strength Index (RSI) from the mid-level, reinforcing the support zone's strength.
The recent bullish price action suggests that gold is preparing for a potential rally towards the $3,000 mark. If the price sustains above this midline support, momentum could accelerate, targeting new highs.
Recent News
AUD/USD struggles to escape bearish pres...
October 29, 2024
Market Insights
Dow Jones Forms Bullish Flag Near Resist...
May 01, 2025
Market Insights
US Tech 100 Rebounds from Support — Eyes...
August 06, 2025
Market Insights
Tech 100 CFD Rally Continues Bulls Targe...
June 25, 2025
Market Insights
US Tech 100 Eyes Recovery Support Holds...
June 23, 2025
Market Insights
FOMC
November 07, 2024
Market Insights