Gold on the Verge of Breaking Its Historical Peak

As illustrated in the chart, gold is currently moving within a slightly upward sloping channel and is testing the upper boundary for the fifth time. The intent to break the channel's ceiling is evident from its movement towards the upper boundary and the inability to reach the channel's floor. 📊🔍

Moreover, there are two strong support zones at $2280 and $2360, which prevent significant drops. 💪🔒

Given the above points and the global risks, we anticipate a breakout above the channel's ceiling, targeting the midline and the depicted upper channel limit in the future. 🚀🌟


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