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Gold Price Reclaims Trendline, Can Bulls Now Target the $3,900 Level? - The Market Periodical
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Gold Price Reclaims Trendline, Can Bulls Now Target the $3,900 Level? - The Market Periodical
Key Insights: Gold price reclaimed a 6-month rising trendline after bouncing above the $3,310 level. The breakout above the falling channel near $3,350 signals bullish continuation. Fibonacci 0.618 bounce and rising RSI suggest a move toward $3,880–$3,900 next. Gold price regained strength after reclaiming its 6-month rising trendline. According to analysts, the asset returned to trade above the $3,350 level following a correction, and this has…
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