XAUUSD Monthly Technical OutlookMarket Structure Overview:
• The chart reveals consistent Breaks of Structure (BOS) to the upside, confirming a strong bullish market trend.
• Price has successfully reclaimed and retested the strong resistance zone (~3390–3400), which now acts as new support.
• A series of higher highs and higher lows show clear bullish intent, supported by sustained bullish momentum after each correction.
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📈 Volume & Price Action:
• The Volume Profile (VRVP) on the left shows strong historical accumulation near the current breakout zone.
• After the breakout from resistance, the price retested this zone—validating it as support—and is expected to continue its bullish leg toward $3,500, the next psychological and technical target.
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📍 Key Levels:
• Support Zone: $3,375 – $3,390 (previous resistance turned support)
• Immediate Resistance: $3,425
• Target Level: $3,500 (Monthly High Projection)
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📘 Educational Note:
• This setup aligns with classic market structure theory: BOS + Retest + Continuation.
• The pullback into the breakout zone is a textbook bullish continuation signal often used in institutional trading strategies.
• Traders watching this pattern should combine it with confirmation entries such as bullish engulfing candles, FVGs, or order block rejections for safer entries.
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🎯 Projection:
• As long as the price holds above $3,375, the bullish scenario toward $3,500 remains valid.
• Expect possible consolidation or minor pullbacks before continuation.
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📌 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before entering the market.
