1H chart of Gold (XAU/USD) shows a clear breakout above the descending trendline, followed by a successful retest of previous resistance as support. The market reacted strongly from the demand zone around 3,125, forming a bullish structure.
Key highlights:
✅ Trendline breakout confirmed
🔁 Retest of structure near 3,230 zone
🎯 Bullish target: 3,205
🧠 Anticipated minor consolidation before push upward
This setup suggests potential upside momentum. Keep an eye on price action around 3,200–3,205 for reaction or continuation.
Key highlights:
✅ Trendline breakout confirmed
🔁 Retest of structure near 3,230 zone
🎯 Bullish target: 3,205
🧠 Anticipated minor consolidation before push upward
This setup suggests potential upside momentum. Keep an eye on price action around 3,200–3,205 for reaction or continuation.
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🌐 Free Autotrading
🗞️ Daily Free Signals
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⚠️ Stop Loss & Take Profits
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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.