Gold Price Consolidation Near Key Support Breakout imminent

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This 30-minute chart of Gold (XAU/USD) shows a clear consolidation pattern forming after a recent downtrend from the 3,450 zone. The price is currently ranging within a horizontal support-resistance box near the 3,370–3,390 area, with previous bullish momentum broken by a downward trendline.

The key support zone is highlighted in yellow, suggesting a potential decision point. The two arrows indicate a possible breakout scenario:

A bullish breakout back toward 3,400+ if support holds

A bearish continuation if price closes below the support zone


Traders are likely watching this zone closely for confirmation of direction, as a breakout could signal the next significant move.

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Trade attivo

trade active

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Trade chiuso: obiettivo raggiunto

target reached