Gold Spot / U.S. Dollar
Long
Updated

Gold All time high looking Bullish target 3405$?

244
Gold Spot / U.S. Dollar (XAU/USD)

Timeframe: 15 minutes

Current Price: 3,394.00 USD

Trend: Clearly bullish (price is in an upward channel, marked by blue shaded zones).


Key Observations:

1. Uptrend Channel:

Price is moving inside an ascending channel (parallel blue regions).

Higher highs and higher lows are being formed.



2. Trendline Support:

A black upward trendline is drawn, and price action has been respecting it well.



3. Resistance Zone:

A red resistance zone is marked just above 3,400 USD.

This is where sellers may step in, making it a critical decision area.



4. Projection/Plan:

The black arrows show two possible paths:

Trade closed: target reached
Note
Target reached profit hit! With 180 pips
snapshot

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.