Gold has been trading in a consolidation zone between ~3,300 and ~3,400 after a strong bullish impulse. The price action has respected a parallel channel, with clear resistance forming at the 3,402 level.
🔍 Key Observations:
Price is forming higher lows, showing buying pressure building up.
Resistance at 3,402 is being tested multiple times.
Break above this level could trigger a move towards 3,440+, aligning with the upper bound of the channel.
Consolidation indicates accumulation – potential for breakout.
📊 Possible Trade Setup:
✅ Breakout confirmation above 3,402
🎯 Target: 3,440
📉 Invalidated if price falls below 3,340 with strong bearish volume
Trading Tip: Always wait for breakout confirmation with volume or candle close above key levels. Manage your risk accordingly.
What’s your outlook on Gold? Bullish or bearish from here? 💬
#XAUUSD #Gold #Breakout #TechnicalAnalysis #TradingView #PriceAction
🔍 Key Observations:
Price is forming higher lows, showing buying pressure building up.
Resistance at 3,402 is being tested multiple times.
Break above this level could trigger a move towards 3,440+, aligning with the upper bound of the channel.
Consolidation indicates accumulation – potential for breakout.
📊 Possible Trade Setup:
✅ Breakout confirmation above 3,402
🎯 Target: 3,440
📉 Invalidated if price falls below 3,340 with strong bearish volume
Trading Tip: Always wait for breakout confirmation with volume or candle close above key levels. Manage your risk accordingly.
What’s your outlook on Gold? Bullish or bearish from here? 💬
#XAUUSD #Gold #Breakout #TechnicalAnalysis #TradingView #PriceAction
Trade closed: target reached
Gold Play Delivered – Target Achieved! ✅Textbook move from XAU/USD!
Gold broke out above the 3,402 resistance, confirmed the breakout with a clean retest, and then followed through perfectly — hitting our projected target at 3,440 with precision. 🎯
This was a classic breakout → retest → continuation pattern in action.
Patience and structure paid off.
Strategy Recap:
Break above key resistance
Retest and entry confirmation
Full move to target zone
That’s how it’s done.
More setups are lining up — stay sharp and stay ready.
Note
800+ pips profit done
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.