FUMDAMEMTAL ANALYSIS
Key Drivers for the Bullish Outlook:
Strong Technical Support and Breakout Potential: Recent price action indicates a robust underlying strength. Gold has demonstrated resilience around the $3331-$3335 zone, which is acting as a strong demand area. Furthermore, a "Break of Structure" (BOS) above $3340 has been confirmed, signaling bullish control. If gold can decisively break and close above the immediate resistance level of $3360-$3364, it opens the path for significant gains. Analysts are eyeing targets of $3380 and potentially $3406 (1.272 Fib extension)
With gold currently trading around $3364, the signals are pointing towards an attractive buying opportunity for discerning investors. A confluence of technical indicators and underlying market fundamentals suggests that the yellow metal is poised for further upside.
Persistent Geopolitical and Economic Uncertainty: Gold's traditional role as a safe-haven asset shines brightest during times of uncertainty. Current global dynamics, including ongoing trade tensions (e.g., renewed US tariffs), geopolitical risks, and concerns about potential economic downturns, continue to fuel demand for gold. This "risk-off" sentiment directs capital towards the precious metal, bolstering its price.
Central Bank Accumulation: Central banks worldwide have been consistent and significant buyers of gold. This trend is expected to continue throughout 2025 and beyond, with projections of around 900 tonnes of central bank buying in 2025. This sustained institutional demand provides a strong floor for gold prices and underscores confidence in the metal as a reserve asset.
Potential Entry Points and Targets:
"Buy the Retest" Strategy: A highly attractive entry point is around $3335. This zone aligns with multiple bullish confluences, including a bullish order block, Fair Value Gap (FVG), and the 38.2% Fibonacci retracement level. A stop-loss below $3327 would manage risk effectively, with initial targets at $3355 and $3380. This offers a favorable risk/reward ratio.
Breakout Long: For more aggressive traders, a decisive break and close above $3360 could trigger a long position, targeting $3380 and potentially $3406.
Deeper Pullback: In case of a deeper market shakeout, the $3313-$3315 zone (61.8% Fib + deeper demand) presents another robust buying opportunity.
Key Drivers for the Bullish Outlook:
Strong Technical Support and Breakout Potential: Recent price action indicates a robust underlying strength. Gold has demonstrated resilience around the $3331-$3335 zone, which is acting as a strong demand area. Furthermore, a "Break of Structure" (BOS) above $3340 has been confirmed, signaling bullish control. If gold can decisively break and close above the immediate resistance level of $3360-$3364, it opens the path for significant gains. Analysts are eyeing targets of $3380 and potentially $3406 (1.272 Fib extension)
With gold currently trading around $3364, the signals are pointing towards an attractive buying opportunity for discerning investors. A confluence of technical indicators and underlying market fundamentals suggests that the yellow metal is poised for further upside.
Persistent Geopolitical and Economic Uncertainty: Gold's traditional role as a safe-haven asset shines brightest during times of uncertainty. Current global dynamics, including ongoing trade tensions (e.g., renewed US tariffs), geopolitical risks, and concerns about potential economic downturns, continue to fuel demand for gold. This "risk-off" sentiment directs capital towards the precious metal, bolstering its price.
Central Bank Accumulation: Central banks worldwide have been consistent and significant buyers of gold. This trend is expected to continue throughout 2025 and beyond, with projections of around 900 tonnes of central bank buying in 2025. This sustained institutional demand provides a strong floor for gold prices and underscores confidence in the metal as a reserve asset.
Potential Entry Points and Targets:
"Buy the Retest" Strategy: A highly attractive entry point is around $3335. This zone aligns with multiple bullish confluences, including a bullish order block, Fair Value Gap (FVG), and the 38.2% Fibonacci retracement level. A stop-loss below $3327 would manage risk effectively, with initial targets at $3355 and $3380. This offers a favorable risk/reward ratio.
Breakout Long: For more aggressive traders, a decisive break and close above $3360 could trigger a long position, targeting $3380 and potentially $3406.
Deeper Pullback: In case of a deeper market shakeout, the $3313-$3315 zone (61.8% Fib + deeper demand) presents another robust buying opportunity.
Trade active
3345 is stop loss 
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you can also join xness via my link one.exnesstrack.org/a/lb8ut6oczq
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.
forex expert, with years of trading market experience. you can join my telegram channel for further assistance. t.me/xauusdgoldsignals56
you can also join xness via my link one.exnesstrack.org/a/lb8ut6oczq
you can also join xness via my link one.exnesstrack.org/a/lb8ut6oczq
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.