Gold (XAU/USD) Technical Analysis
🔍 Trend Overview
Gold continues its strong bullish momentum, trading at $3,236 after a clean breakout above the Previous Week High and the Buying Area ($3,168). Price action reflects continued strength with higher highs and volume confirmation.
🟢 Key Bullish Developments
- Range Breakouts observed on two occasions acted as solid bases for further upside.
- Sharp rally from the Point of Interest (POI) ($3,101 zone) indicates strong buyer interest.
- Price is now approaching the Target Area between $3,245 – $3,320, suggesting limited resistance ahead.
📌 Support Levels to Watch
- $3,168 - $3,180: Recently flipped from resistance to support (Buying Area).
- $3,101: Strong POI from previous consolidation zone.
📈 Outlook
As long as price remains above $3,168, continuation towards $3,270 and potentially $3,320 is likely. Any pullback into the buying zone could offer fresh long opportunities.
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🔍 Trend Overview
Gold continues its strong bullish momentum, trading at $3,236 after a clean breakout above the Previous Week High and the Buying Area ($3,168). Price action reflects continued strength with higher highs and volume confirmation.
🟢 Key Bullish Developments
- Range Breakouts observed on two occasions acted as solid bases for further upside.
- Sharp rally from the Point of Interest (POI) ($3,101 zone) indicates strong buyer interest.
- Price is now approaching the Target Area between $3,245 – $3,320, suggesting limited resistance ahead.
📌 Support Levels to Watch
- $3,168 - $3,180: Recently flipped from resistance to support (Buying Area).
- $3,101: Strong POI from previous consolidation zone.
📈 Outlook
As long as price remains above $3,168, continuation towards $3,270 and potentially $3,320 is likely. Any pullback into the buying zone could offer fresh long opportunities.
If you enjoy press the like button.
Trade active
Trade closed: target reached
3320 achieved , from 3205
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.