XAUUSD is approaching critical resistance after reclaiming short-term structure. A break above $3,386 may open the door toward price discovery and new highs. This post outlines the technical shift, key demand zones, and the levels that could invalidate this bullish outlook.
🔍 Technical Analysis:
Gold has broken decisively above a multi-week descending trendline, signaling a momentum shift. Price is now consolidating near $3,311, holding above long-term trendline support, and forming a strong base beneath the key reaction high at $3,386.
If this resistance breaks, the chart favors a move toward uncharted territory.
🛡️ Support Zones (if pullback occurs):
🔴 $3,288.56 – Polar Moment Support (High Risk)
Micro-level demand zone ideal for short-term scalps only.
Stop-loss: Below $3,284
🟡 $3,284.49 – $3,248.18 – 15-Min Support Zone (Medium Risk)
Backed by 4H structure and diagonal trendline. Key area for intraday bulls.
Stop-loss: Below $3,240
🟢 $3,127.72 – $3,114.07 – Weekly Backend Zone (Low Risk)
Macro base from prior reversals. Ideal for swing buyers.
Stop-loss: Below $3,100
🔼 Resistance Trigger:
🔺 $3,386 – Major Reaction High
A confirmed break above this zone could trigger a high-probability extension toward new all-time highs.
🧭 Outlook:
Bullish Case: Break and hold above $3,386 unlocks targets in price discovery.
Bearish Case: Rejection at $3,386 + close below $3,248 may invite deeper correction.
Bias: Bullish as long as price holds above the $3,248 structure zone.
🌍 Fundamental Insight:
Gold's recent strength is supported by a weaker U.S. Dollar, softening bond yields, and safe-haven demand. With inflation still sticky and the Fed signaling caution on rate cuts, investors are rotating toward hard assets. If CPI comes in hot, expect volatility at resistance.
✅ Conclusion:
XAUUSD is at a technical decision point. The recent breakout adds weight to the bullish case, but a clean close above $3,386 is essential for trend continuation. Bulls must defend layered support zones to maintain structure.
Not financial advice. Like & follow for more high-structure setups across FX and commodities.
🔍 Technical Analysis:
Gold has broken decisively above a multi-week descending trendline, signaling a momentum shift. Price is now consolidating near $3,311, holding above long-term trendline support, and forming a strong base beneath the key reaction high at $3,386.
If this resistance breaks, the chart favors a move toward uncharted territory.
🛡️ Support Zones (if pullback occurs):
🔴 $3,288.56 – Polar Moment Support (High Risk)
Micro-level demand zone ideal for short-term scalps only.
Stop-loss: Below $3,284
🟡 $3,284.49 – $3,248.18 – 15-Min Support Zone (Medium Risk)
Backed by 4H structure and diagonal trendline. Key area for intraday bulls.
Stop-loss: Below $3,240
🟢 $3,127.72 – $3,114.07 – Weekly Backend Zone (Low Risk)
Macro base from prior reversals. Ideal for swing buyers.
Stop-loss: Below $3,100
🔼 Resistance Trigger:
🔺 $3,386 – Major Reaction High
A confirmed break above this zone could trigger a high-probability extension toward new all-time highs.
🧭 Outlook:
Bullish Case: Break and hold above $3,386 unlocks targets in price discovery.
Bearish Case: Rejection at $3,386 + close below $3,248 may invite deeper correction.
Bias: Bullish as long as price holds above the $3,248 structure zone.
🌍 Fundamental Insight:
Gold's recent strength is supported by a weaker U.S. Dollar, softening bond yields, and safe-haven demand. With inflation still sticky and the Fed signaling caution on rate cuts, investors are rotating toward hard assets. If CPI comes in hot, expect volatility at resistance.
✅ Conclusion:
XAUUSD is at a technical decision point. The recent breakout adds weight to the bullish case, but a clean close above $3,386 is essential for trend continuation. Bulls must defend layered support zones to maintain structure.
Not financial advice. Like & follow for more high-structure setups across FX and commodities.
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.
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.