Gold market Overview – Bullish Momentum Maintained
Gold continues to maintain a bullish momentum, largely driven by heightened geopolitical tensions in the Middle East. These developments are increasing safe-haven demand, supporting upward pressure on XAUUSD.
Currently, the price is trading around 3379, approaching a key resistance level. The market structure remains bullish, and as long as the price sustains above key support zones, the upward trend is expected to continue.
Key Levels
Targets 3400 / 3420
Support Levels 3370 / 3360
⚠️ Watch for a potential short-term pullback toward the 3360 level, which could act as a buying opportunity before the price resumes its upward movement.
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Gold continues to maintain a bullish momentum, largely driven by heightened geopolitical tensions in the Middle East. These developments are increasing safe-haven demand, supporting upward pressure on XAUUSD.
Currently, the price is trading around 3379, approaching a key resistance level. The market structure remains bullish, and as long as the price sustains above key support zones, the upward trend is expected to continue.
Key Levels
Targets 3400 / 3420
Support Levels 3370 / 3360
⚠️ Watch for a potential short-term pullback toward the 3360 level, which could act as a buying opportunity before the price resumes its upward movement.
If you like this idea if you have on Opinion about this analysis Share in comments.
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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.