Gold (XAU/USD) shows the price currently trading within a defined range between the support level at 3272.581 and the resistance zone around 3367.926.
Technical Highlights:
- Support Level: Strong demand seen around 3272.581 where price has previously rebounded.
- Resistance Zone: 3367.926 marks a key supply area that has held several past tests.
- Current Structure: A bullish corrective move appears underway with the potential to test the target area at 3338.838, aligning with a minor resistance zone.
- Price Behavior: Recent rejection from the support zone indicates bullish pressure; if momentum holds, price is likely to challenge the next resistance.
Next Target: 3338.838
Outlook: If gold sustains above the mid-range support, bullish continuation toward 3338.838 is favored. However, price must break minor resistance cleanly for further upside confirmation.
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Technical Highlights:
- Support Level: Strong demand seen around 3272.581 where price has previously rebounded.
- Resistance Zone: 3367.926 marks a key supply area that has held several past tests.
- Current Structure: A bullish corrective move appears underway with the potential to test the target area at 3338.838, aligning with a minor resistance zone.
- Price Behavior: Recent rejection from the support zone indicates bullish pressure; if momentum holds, price is likely to challenge the next resistance.
Next Target: 3338.838
Outlook: If gold sustains above the mid-range support, bullish continuation toward 3338.838 is favored. However, price must break minor resistance cleanly for further upside confirmation.
Would you like a social media caption or short signal text for this as well?
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.