Gold has reached a critical technical zone near a long-term descending trendline and horizontal resistance around $3360–3380. Price action suggests a make-or-break moment is unfolding.
Key Technical Structure:
Descending Trendline Resistance from the April high capped the rally.
Current move has formed a rising wedge — typically bearish if broken.
Price is testing resistance confluence — a rejection could send Gold lower.
Scenarios to Watch:
🔹 Bullish Breakout:
Clean breakout and close above $3380 confirms trendline invalidation.
Upside projection points to $3500 — previous high and psychological level.
🔹 Bearish Rejection:
Failure to break the trendline + wedge breakdown can drag price to:
$3280 (38.2% Fib)
$3160–3200 zone (61.8% Fib + demand area)
Macro Factors to Watch:
Tariff escalation between US–EU could trigger risk-off → bullish for Gold.
FOMC policy pause, weak job data, or inflation rebound also support upside.
Stronger USD or yield spike may trigger wedge breakdown → bearish.
Conclusion:
XAUUSD is at a key inflection point. Wait for confirmation: either a clean breakout or a clear reversal rejection. Trade the resolution, not the anticipation.
Key Technical Structure:
Descending Trendline Resistance from the April high capped the rally.
Current move has formed a rising wedge — typically bearish if broken.
Price is testing resistance confluence — a rejection could send Gold lower.
Scenarios to Watch:
🔹 Bullish Breakout:
Clean breakout and close above $3380 confirms trendline invalidation.
Upside projection points to $3500 — previous high and psychological level.
🔹 Bearish Rejection:
Failure to break the trendline + wedge breakdown can drag price to:
$3280 (38.2% Fib)
$3160–3200 zone (61.8% Fib + demand area)
Macro Factors to Watch:
Tariff escalation between US–EU could trigger risk-off → bullish for Gold.
FOMC policy pause, weak job data, or inflation rebound also support upside.
Stronger USD or yield spike may trigger wedge breakdown → bearish.
Conclusion:
XAUUSD is at a key inflection point. Wait for confirmation: either a clean breakout or a clear reversal rejection. Trade the resolution, not the anticipation.
Trade active
Note
Note
Note
Trade closed: target reached
XAUUSD Buy target reached — trade closed manually. Please follow or stay tuned for the next update. View full analysis: 
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🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
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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.