Gold (XAU/USD) Technical Analysis
🔍 Trend Overview
Gold continues its strong bullish momentum, trading at $3,236 after a clean breakout above the Previous Week High and the Buying Area ($3,168). Price action reflects continued strength with higher highs and volume confirmation.
🟢 Key Bullish Developments
- Range Breakouts observed on two occasions acted as solid bases for further upside.
- Sharp rally from the Point of Interest (POI) ($3,101 zone) indicates strong buyer interest.
- Price is now approaching the Target Area between $3,245 – $3,320, suggesting limited resistance ahead.
📌 Support Levels to Watch
- $3,168 - $3,180: Recently flipped from resistance to support (Buying Area).
- $3,101: Strong POI from previous consolidation zone.
📈 Outlook
As long as price remains above $3,168, continuation towards $3,270 and potentially $3,320 is likely. Any pullback into the buying zone could offer fresh long opportunities.
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🔍 Trend Overview
Gold continues its strong bullish momentum, trading at $3,236 after a clean breakout above the Previous Week High and the Buying Area ($3,168). Price action reflects continued strength with higher highs and volume confirmation.
🟢 Key Bullish Developments
- Range Breakouts observed on two occasions acted as solid bases for further upside.
- Sharp rally from the Point of Interest (POI) ($3,101 zone) indicates strong buyer interest.
- Price is now approaching the Target Area between $3,245 – $3,320, suggesting limited resistance ahead.
📌 Support Levels to Watch
- $3,168 - $3,180: Recently flipped from resistance to support (Buying Area).
- $3,101: Strong POI from previous consolidation zone.
📈 Outlook
As long as price remains above $3,168, continuation towards $3,270 and potentially $3,320 is likely. Any pullback into the buying zone could offer fresh long opportunities.
If you enjoy press the like button.
Trade attivo
Trade chiuso: obiettivo raggiunto
3320 achieved , from 3205
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.