🟢 GOLD/USD Technical Analysis – Bullish Momentum Ahead
Gold (XAU/USD) is currently exhibiting strong bullish momentum after breaking above a key support-turned-resistance zone near 3390, which now acts as a support area for price. A sharp rally followed by a retest of this support zone suggests potential for continuation to the target zone around 3430.
* 📌 Support Zone: 3390 – 3380 (holding well with bullish confirmation)
* 📈 Target Zone: 3430+ (marked as potential short-term resistance)
* 🔄 Price Action: Bullish breakout + retest confirms entry opportunity
* 📊 Volume: Increasing on breakout, confirming buying strength
▪️Outlook:
As long as the price remains above 3390, the bias remains bullish with high probability for a move toward the 3430 zone.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
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Gold (XAU/USD) is currently exhibiting strong bullish momentum after breaking above a key support-turned-resistance zone near 3390, which now acts as a support area for price. A sharp rally followed by a retest of this support zone suggests potential for continuation to the target zone around 3430.
* 📌 Support Zone: 3390 – 3380 (holding well with bullish confirmation)
* 📈 Target Zone: 3430+ (marked as potential short-term resistance)
* 🔄 Price Action: Bullish breakout + retest confirms entry opportunity
* 📊 Volume: Increasing on breakout, confirming buying strength
▪️Outlook:
As long as the price remains above 3390, the bias remains bullish with high probability for a move toward the 3430 zone.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Trade active
from 3380Note
Note
trade running 200 pips+
Trade closed manually
with some 200 pips
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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.
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.