GOLD (XAUUSD) – BREAKOUT FROM DESCENDING TRENDLINE
Gold has recently broken out of a multi-week descending trendline, with price now trading above former resistance and forming higher highs. The breakout appears technically strong, supported by previous support holding at the 3258 level.
We’ve also seen a successful retest of the broken trendline, which has now turned into support — a classic bullish continuation signal. If this structure holds, potential targets are set at TP1 and TP2 zones.
Key levels to watch:
📈 Support: ~3258
🎯 TP1: Near-term resistance zone
🎯 TP2: Next major resistance area
🛑 SL idea (educational): Below the retest low
⚠️ This post is for educational and technical analysis purposes only. It is not financial advice. Always do your own research and manage your risk.
Gold has recently broken out of a multi-week descending trendline, with price now trading above former resistance and forming higher highs. The breakout appears technically strong, supported by previous support holding at the 3258 level.
We’ve also seen a successful retest of the broken trendline, which has now turned into support — a classic bullish continuation signal. If this structure holds, potential targets are set at TP1 and TP2 zones.
Key levels to watch:
📈 Support: ~3258
🎯 TP1: Near-term resistance zone
🎯 TP2: Next major resistance area
🛑 SL idea (educational): Below the retest low
⚠️ This post is for educational and technical analysis purposes only. It is not financial advice. Always do your own research and manage your risk.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.