Gold (XAU/USD) shows a strong bullish trend, with the price successfully reaching the target levels of 3,010 and 3,020, as indicated by the labels "successful 3010" and "successful 3020". The price has broken above the key resistance zone near 2,960, which is now acting as a solid support level (support 1, highlighted in yellow).
The chart also sets new target points for the price to potentially reach 3,030 and beyond, with the 3,034 level being the final target. The price action continues to show upward momentum, with the price moving higher above the moving average, confirming the bullish trend.
The green arrows indicate key points where the price bounced off the support zone, reinforcing the likelihood of further upward movement if the price maintains above the support zone. Traders should watch for any pullbacks to the 2,960 support area, which could present an opportunity to enter long positions as the price continues toward the upper target levels.
Overall, this chart suggests that Gold is in a strong uptrend, and if the support at 2,960 holds, it could continue moving towards the next target of 3,030 or even $3,034.
The chart also sets new target points for the price to potentially reach 3,030 and beyond, with the 3,034 level being the final target. The price action continues to show upward momentum, with the price moving higher above the moving average, confirming the bullish trend.
The green arrows indicate key points where the price bounced off the support zone, reinforcing the likelihood of further upward movement if the price maintains above the support zone. Traders should watch for any pullbacks to the 2,960 support area, which could present an opportunity to enter long positions as the price continues toward the upper target levels.
Overall, this chart suggests that Gold is in a strong uptrend, and if the support at 2,960 holds, it could continue moving towards the next target of 3,030 or even $3,034.
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Recommend best broker exness Partner link 👇
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t.me/addlist/j3ts8pztHtY3NWQ0
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t.me/addlist/j3ts8pztHtY3NWQ0
Recommend best broker exness Partner link 👇
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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.