XAU/USD – Rally-Base-Rally Structure Forming a Bullish Continuation
The current price action on Gold (XAU/USD) showcases a classic Rally-Base-Rally (RBR) formation, indicating sustained bullish momentum in the market. Multiple rally phases followed by compact consolidation zones (bases) suggest strong institutional demand stepping in at each pause, propelling price higher with each breakout.
The latest base has formed in the 3,209–3,220 region, with price now attempting to reclaim this demand zone. If bulls successfully reclaim and hold above the 3,220–3,225 level, it will confirm the base as a valid support and set the stage for a fresh impulsive move to the upside.
Trading Signal:
If price stabilizes above 3,220, a long setup is favored with potential upside targets toward 3,250–3,260, following the RBR structure. Any clean rejection and reclaim of this base would provide a strong entry confirmation.
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The current price action on Gold (XAU/USD) showcases a classic Rally-Base-Rally (RBR) formation, indicating sustained bullish momentum in the market. Multiple rally phases followed by compact consolidation zones (bases) suggest strong institutional demand stepping in at each pause, propelling price higher with each breakout.
The latest base has formed in the 3,209–3,220 region, with price now attempting to reclaim this demand zone. If bulls successfully reclaim and hold above the 3,220–3,225 level, it will confirm the base as a valid support and set the stage for a fresh impulsive move to the upside.
Trading Signal:
If price stabilizes above 3,220, a long setup is favored with potential upside targets toward 3,250–3,260, following the RBR structure. Any clean rejection and reclaim of this base would provide a strong entry confirmation.
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✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
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.