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The price is currently consolidating within a parallel channel, indicating a period of stable movement. Given the increasing market volume and the political shift following Donald Trump’s election as president, we anticipate a surge in trading activity that could lead to a notable rise in prices. As the market responds to these developments, we expect the channel to break to the upside in the coming days. This breakout is likely to generate significant upward momentum, with a minimum expected profit of 10%. The combination of stronger market volume and the potential impact of political changes suggests a favorable outlook. Traders should be prepared for a potential rally, as these factors align to drive the price higher. We remain optimistic about the short-term prospects based on these market dynamics.
Our team’s main opinion is:
The price is currently in a parallel channel, and with increased market volume and Trump’s election, we expect a price surge and a breakout upwards in the next few days, leading to at least a 10% profit.

Gold is on an excellent bullish 1D technical outlook (RSI = 65.521, MACD = 20.810, ADX = 45.124) that highlights the uptrend provided by the Channel Up pattern since the start of the year. Having the 4H MA50 as the first support level, every time the price hit the pattern’s top for a HH, it pulled back for 3 days to the 0.5 Fibonacci retracement level. Consequently, our aim is that level (TP = 2,720) but we will take profit earlier if the 4H RSI hits its HL trendline first.

H&S formed on 1hr timeframe. Still not late to enter buys to aim at 193

Price respects both rising support and 0,786 fib level. Previous resistance has become current support at 190.8-190.9. Interest rates are likely to rise so BoJ is not likely to control exchange rate right now as it will fall anyway on friday. That is why it might want to gran more LQ before falling at 193.
My entry is 190.9
SL-190.3
TP-193