XAU/USD (Gold) has shown strong support around the 3205.797 level after a consistent downtrend in recent sessions. The current price is 3240.610, and the chart structure indicates a potential bullish reversal forming.
The market may retest the support zone once more before a sharp breakout to the upside. Key upside targets include:
First Target: 3282.118
Second Target: 3368.598
Final Target: 3443.916
This scenario remains valid as long as the price does not close below the 3205 support level.
The market may retest the support zone once more before a sharp breakout to the upside. Key upside targets include:
First Target: 3282.118
Second Target: 3368.598
Final Target: 3443.916
This scenario remains valid as long as the price does not close below the 3205 support level.
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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.
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.