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Back Technical analysis
Gold (GOLD) Technical Analysis – 4-Hour Chart (September 21): Breaking the Bearish Channel and Confirming Bullish Momentum
The 4-hour (H4) chart for Gold
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The 4-hour (H4) chart for Gold (GOLD) reveals a clear positive shift in price action. The price is currently trading at the 4366.80 level, having successfully broken out of the bearish corrective range and stabilized above it, driven by increased buying pressure.Technical Reading and Price ActionBullish Channel Structure: Gold is moving within a primary rising channel (blue) and a minor rising channel characterized by accelerating momentum (pink). The price previously surged to record a local high near the first daily
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