1. Price Action
The current price is around $3,303.51, showing a strong uptrend.
There’s been a significant breakout above a previous resistance level, marked with the label “True Breakout”, which appears to have validated the bullish continuation.
2. Chart Patterns
A rounded bottom or cup-like formation is visible in early April, suggesting accumulation and a bullish reversal pattern.
Post breakout, price has moved sharply higher, confirming the strength of buyers.
3. Support & Resistance Zones
Resistance turned support around the $3,269 level—this was previously a consolidation zone and now may act as a floor.
Key resistance zones are shown in red (previous highs): around $3,050.10, $3,019.80, and $2,949.91.
Price has broken far above these levels, indicating strong momentum.
4. Projection
The arrow and zig-zag lines indicate a potential bullish continuation pattern after a brief pullback or consolidation, suggesting another leg up.
5. Indicators
A channel or support/resistance band (possibly a Keltner Channel or Donchian Channel) is visible, confirming breakouts and volatility.
Summary:
This chart signals a bullish trend continuation for gold, backed by a successful breakout, strong price action, and clear support levels. A pullback to the $3,269 area could offer a buying opportunity before further upside, as projected.
The current price is around $3,303.51, showing a strong uptrend.
There’s been a significant breakout above a previous resistance level, marked with the label “True Breakout”, which appears to have validated the bullish continuation.
2. Chart Patterns
A rounded bottom or cup-like formation is visible in early April, suggesting accumulation and a bullish reversal pattern.
Post breakout, price has moved sharply higher, confirming the strength of buyers.
3. Support & Resistance Zones
Resistance turned support around the $3,269 level—this was previously a consolidation zone and now may act as a floor.
Key resistance zones are shown in red (previous highs): around $3,050.10, $3,019.80, and $2,949.91.
Price has broken far above these levels, indicating strong momentum.
4. Projection
The arrow and zig-zag lines indicate a potential bullish continuation pattern after a brief pullback or consolidation, suggesting another leg up.
5. Indicators
A channel or support/resistance band (possibly a Keltner Channel or Donchian Channel) is visible, confirming breakouts and volatility.
Summary:
This chart signals a bullish trend continuation for gold, backed by a successful breakout, strong price action, and clear support levels. A pullback to the $3,269 area could offer a buying opportunity before further upside, as projected.
Trade active
XAU/USD Trade UpdateGold is flying — and I’m in!
Caught the true breakout above the 3269 zone, and my trade is now active to the upside. Price action is clean, structure is strong, and momentum is on point. Targeting further gains as we approach the 3350+ area.
Support has flipped, and I'm trailing my stop to lock in profit while letting the rest ride. Watching for continuation signals to potentially scale in.
Let’s see how far gold can shine!
Trade closed: target reached
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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.
🆓FREE FREE GOLD & CRYPTO SIGNALS✅
t.me/+v5m1fJKkyZkwOTFk
✅FOREX AND GOLD/XAUUSD SIGNALS 🔥
✅98% accurate signals
✅3-5 signals daily 🔥
✅Join us on telegram
t.me/+v5m1fJKkyZkwOTFk
t.me/+v5m1fJKkyZkwOTFk
✅FOREX AND GOLD/XAUUSD SIGNALS 🔥
✅98% accurate signals
✅3-5 signals daily 🔥
✅Join us on telegram
t.me/+v5m1fJKkyZkwOTFk
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.