The current XAUUSD price is around $3,325 (as of May 11, 2025). The chart’s uptrend channel and resistance levels need to be adjusted to reflect this. If we project the channel upward, the price is likely testing a new resistance around $3,400-$3,500, as mentioned in recent forecasts. Support may now lie around $3,200-$3,250. The bullish trend remains intact, but a rejection at $3,400 could lead to a short-term correction.
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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.