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Gold is back on track, watch for momentum and signals


Gold is back on track, watch for momentum and signals

gold OANDA:XAUUSD



HAUUSD

It seems very interesting so far. The price is still rising steadily in a bullish wedge pattern, very respectful of the market structure, especially as we see the first signs of buying interest returning after a strong rebound from the support area.

Currently, my target is the area around $4,200, somewhere around the midline of the wedge pattern. If this upward momentum continues, with strong volume and clear movement, I will stabilize my view on the trend and plan appropriate trades accordingly.

Patience is always key; I only enter the market when the price proves its value and clearly confirms its direction.

This could be a good continuation of the upward movement…
Or maybe it’s just another imaginary breakout before a deeper decline.



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