Rising Channel Defines Potential PathThis week’s higher swing low also provides a second anchor for a rising channel, which shows potential upper dynamic resistance and lower support for the developing advance.
The channel midline can also serve as a key potential pivot level.
Notably, the initial 100% projection for the ABCD pattern may be reached while gold remains within the rising channel, providing a technical framework for the potential advance toward the $4,973 target zone.
If you’d like to know more about how to trade gold and silver, please visit our educational area.
Rising Channel Defines Potential Path
This week’s higher swing low also provides a second anchor for a rising channel, which shows potential upper dynamic resistance and lower support for the developing advance. The channel midline can also serve as a key potential pivot level. Notably, the initial 100% projection for the ABCD pattern may be reached while gold remains within the rising channel, providing a technical framework for the potential advance toward the $4,973 target zone.
If you’d like to know more about how to trade gold and silver, please visit our educational area.
