XAUUSD (Gold)* trading at *2,915.597*, with a recent *breakout* above the *2920 resistance level*. The price has moved past the *resistance range*, indicating a potential continuation of the bullish trend.
- The *retail level* and *breakout area* have been tested, suggesting that the price may continue to rise toward higher levels, targeting *2,921.841* as the next resistance point.
- A pullback to the *retest level* at *2,872.182* could be considered for further long entries, as it could act as a strong support zone.
*Key Levels:*
- *Resistance*: 2,921.841
- *Support*: 2,872.182 (Retest area)
Monitor for any pullbacks at these levels and adjust positions accordingly based on market action.
- The *retail level* and *breakout area* have been tested, suggesting that the price may continue to rise toward higher levels, targeting *2,921.841* as the next resistance point.
- A pullback to the *retest level* at *2,872.182* could be considered for further long entries, as it could act as a strong support zone.
*Key Levels:*
- *Resistance*: 2,921.841
- *Support*: 2,872.182 (Retest area)
Monitor for any pullbacks at these levels and adjust positions accordingly based on market action.
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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.
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.