Gold has created a sideways channel on the 4-hour chart and an upside break would open the doors for a re-test of recent highs above $1,325.
4-hour chart
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A move above $1,315 would confirm channel breakout and validate gold’s exit from the falling channel. Put simply, a move above $1,315 would signal a revival of the bullish move from the January low of $1,276.
Trend: Bullish
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