Gold prices continue to rise within the parallel channel on the 1D chart, currently trading around 2785 USD.
The precious metal has now reached its highest level in trading history; however, in terms of trend analysis, gold has approached the channel limit and may undergo a correction as it establishes a new high and tests the 34 EMA.
We will prioritize a selling strategy as long as the price channel remains intact. Conversely, we will continue buying if the metal breaks out.
Happy trading, and may your profits be plentiful!