GOLD

82

This Gold (XAU/USD) outlines a bullish retracement setup, targeting a potential move toward the order block around 3,373.348. After bouncing from the support level near3,280, price is consolidating in a tight range and showing signs of upward momentum.

The move aims to revisit the order block, which previously acted as a breakdown zone. If price successfully reaches and reacts from this level, it may also attempt to fill the nearby Fair Value Gap (FVG) above.

Key Technical Zones:
- Support Level: Around 3,280, where buyers stepped in.
- Order Block: Immediate resistance and primary target at3,373.
- FVG Zone Above: Suggests a potential bullish continuation if broken.

Short-Term Target: 3,373.348
If momentum holds, a breakout above the order block may expose price to further upside toward3,440 and beyond.

Traders can watch for breakout confirmation or signs of rejection at the order block for the next directional cue.

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.