XAU/USD (Gold) Technical Analysis Update
Gold continues to show strong bullish momentum. Yesterday, price action respected our support level around 3245, which held firmly. As of now, the market is trading around 3297.
If the 1H candle closes above the 3290–3300 zone, we could expect a further bullish move.
The next upside resistance targets are:
3325, followed by 3352.
Important Note:
If the price breaks below 3289 (a key support and previous zone), we may see a shift towards a bearish trend, with potential downside targets at 3275 and 3265.
Stay alert and manage your positions accordingly.
Traders if you like this idea or if you have on Opinion About this analysis Share in the comments i will be Glad.
Gold continues to show strong bullish momentum. Yesterday, price action respected our support level around 3245, which held firmly. As of now, the market is trading around 3297.
If the 1H candle closes above the 3290–3300 zone, we could expect a further bullish move.
The next upside resistance targets are:
3325, followed by 3352.
Important Note:
If the price breaks below 3289 (a key support and previous zone), we may see a shift towards a bearish trend, with potential downside targets at 3275 and 3265.
Stay alert and manage your positions accordingly.
Traders if you like this idea or if you have on Opinion About this analysis Share in the comments i will be Glad.
Trade closed: target reached
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✅My Free Signals
t.me/+z0Nor_UdLmM2MTY0
✅Join my Telegram Channel
t.me/KB_Trading_Class
t.me/+z0Nor_UdLmM2MTY0
✅Join my Telegram Channel
t.me/KB_Trading_Class
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.