XAU/USD Update 📊
Gold just touched $3,061 and is now hovering around $3,056. Price is holding within the ascending channel, showing signs of consolidation.
🟢 Bullish Scenario: If buyers defend this level, we could see another push toward $3,100+, with $3,153 still in play as a key resistance.
🔴 Bearish Risk: A break below $3,050 - $3,020 could trigger a deeper correction toward $2,980, where stronger demand may step in.
📉 Watching price action closely—let’s see how it reacts from here! 🚀
Gold just touched $3,061 and is now hovering around $3,056. Price is holding within the ascending channel, showing signs of consolidation.
🟢 Bullish Scenario: If buyers defend this level, we could see another push toward $3,100+, with $3,153 still in play as a key resistance.
🔴 Bearish Risk: A break below $3,050 - $3,020 could trigger a deeper correction toward $2,980, where stronger demand may step in.
📉 Watching price action closely—let’s see how it reacts from here! 🚀
Trade active
Trade closed: target reached
🔥 XAU/USD Update – New All-Time High at $3,149! 🎯Gold has smashed through resistance, hitting a fresh ATH at $3,149 exactly as analyzed! 🚀 The breakout above $3,153 confirms strong bullish momentum, with buyers firmly in control.
📊 What’s Next?
✅ Momentum remains bullish as long as price stays above $3,100 - $3,120
📈 Next upside targets: $3,180 – $3,200+
⚠️ Potential pullback levels: $3,100 - $3,080 (previous resistance now acting as support)
This move aligns perfectly with the ascending channel breakout—now let’s see if bulls can extend the rally! 🏆
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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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.