Gold (XAU/USD) has broken out of a consolidation zone and surged past the $3,334 key resistance, now trading around $3,360. The bullish momentum signals a strong upward trend with a projected target at $3,395. A minor pullback toward the $3,340 zone could serve as a retest before continuation. If momentum sustains, a breakout above $3,376 may confirm the next bullish leg
1. Breakout Confirmed:
Price broke above key resistance at $3,334, confirming bullish strength.
2. Strong Momentum:
Sharp upward move indicates buyers are in control.
3. Current Price:
Trading around $3,360, heading toward next resistance at $3,376.
4. Target Zone:
Bullish target is set at $3,395 if price holds above support.
5. Pullback Possible:
Small retracement to $3,340–$3,334 may happen before further upside.
6. Support Levels:
Minor: $3,340
Strong: $3,334
7. Resistance Levels:
Immediate: $3,376
Final Target: $3,395
8. Trend Outlook:
Bullish – Favoring buy entries on dips above $3,334 support.
1. Breakout Confirmed:
Price broke above key resistance at $3,334, confirming bullish strength.
2. Strong Momentum:
Sharp upward move indicates buyers are in control.
3. Current Price:
Trading around $3,360, heading toward next resistance at $3,376.
4. Target Zone:
Bullish target is set at $3,395 if price holds above support.
5. Pullback Possible:
Small retracement to $3,340–$3,334 may happen before further upside.
6. Support Levels:
Minor: $3,340
Strong: $3,334
7. Resistance Levels:
Immediate: $3,376
Final Target: $3,395
8. Trend Outlook:
Bullish – Favoring buy entries on dips above $3,334 support.
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MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
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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.