Gold continues its bullish trajectory, showing potential for an extension towards the 3400 level, driven by geopolitical concerns and dovish central bank sentiment. Recent tariff related comments from former President Trump have reignited global trade tensions. Fed Chair Powell's recent remarks suggest a cautious stance on future rate hikes, reinforcing bullish sentiment in precious metals.
Technical Overview:
Last Friday, XAUUSD reached the 3368 resistance zone, a critical level where price may consolidate. Momentum remains strong, and if the price breaks above this zone with volume confirmation, the next leg could target 3380–3400 However, caution is advised: if the price falls below 3342, but then regains ground quickly, it may still continue in the bullish trend.
You may find more details in the chart Ps Support with like and comments for more analysis.
Technical Overview:
Last Friday, XAUUSD reached the 3368 resistance zone, a critical level where price may consolidate. Momentum remains strong, and if the price breaks above this zone with volume confirmation, the next leg could target 3380–3400 However, caution is advised: if the price falls below 3342, but then regains ground quickly, it may still continue in the bullish trend.
You may find more details in the chart Ps Support with like and comments for more analysis.
Trade active
Price will respect our chart hit the 3354 level after comeback and get resistance 3374 we are waiting for more bullish zone.
Technical outlook
Gold remains bullish Today Gold range between 3365 to 3400 Trade tension remain elevated especially with the reports that President Trump is planning to impose a 30% TRAIF ON Europe and Mexico This action could seems as Bullish remians today.
Note
Again take entry now Price will test the 3400 Level;
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Join My telegram Channel
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Free Forex Signals
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Free Forex Signals
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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.