Gold (XAU/USD) shows a strong bullish movement as the price continues to rise, successfully reaching and surpassing the previous target level near 3,122.87. The resistance level at 3,170.29 is the next key level to watch for a possible pullback or further consolidation, as the price approaches this point.
The chart highlights support zones marked by the shaded areas, which previously acted as significant price levels where the market reversed or consolidated. These support levels are now key to maintaining the upward momentum. If the price dips back down, traders will look for the market to hold above these support levels to maintain the bullish outlook.
uptrend, with target success being noted near 3,122.87. The price has surged above this level, and the next focus will be whether the price can maintain its momentum as it approaches the resistance level at 3,170.29.
Overall, the chart suggests that Gold is currently in a strong bullish trend, with the price successfully hitting key target points. However, $3,170.29 remains a crucial level to watch for potential resistance. If the price continues to break through, the next target could be even higher.
The chart highlights support zones marked by the shaded areas, which previously acted as significant price levels where the market reversed or consolidated. These support levels are now key to maintaining the upward momentum. If the price dips back down, traders will look for the market to hold above these support levels to maintain the bullish outlook.
uptrend, with target success being noted near 3,122.87. The price has surged above this level, and the next focus will be whether the price can maintain its momentum as it approaches the resistance level at 3,170.29.
Overall, the chart suggests that Gold is currently in a strong bullish trend, with the price successfully hitting key target points. However, $3,170.29 remains a crucial level to watch for potential resistance. If the price continues to break through, the next target could be even higher.
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Telegram channel Link here
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Vip Paid Signals Free Join Today
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Recommended best broker Exness Partner link
t.me/+QnnqTEDwgIcxYTNk
Vip Paid Signals Free Join Today
t.me/+QnnqTEDwgIcxYTNk
Recommended best broker Exness Partner link
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.