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
Gold Price Outlook: Modest Gains Ahead
November 20, 2024
Live Charts
Dow Jones Eyes Critical Resistance at 43...
March 27, 2025
Market Insights
DAX bounce from daily support levels
November 14, 2024
Market Insights
Dow Jones Shows Bullish Flag Pattern Ami...
April 08, 2025
Market Insights
IMPORTANT DATA AND EVENT FOR THE WEEK
October 22, 2024
Market Insights
Nasdaq 100 Plunges to Critical Support a...
April 07, 2025
Market Insights
