Oro / DollaroLong
XauUsd target done. What's next?
Aggiornato
As expected, the 2655–2660 resistance zone gave way, and after a confirmed breakout, XAUUSD moved higher, surpassing the initial target of 2685 and hitting a local high above 2700.
The price then formed a double top around the 2704 level (5m chart) before entering a normal correction phase. During this pullback, it tested the 2675 zone, which held as a strong support area due to its confluence.
Currently, Gold is showing signs of resuming its upward trend and is trading around 2693. My outlook remains bullish as long as the 2670–2675 support zone holds. For now, buying during dips remains the best strategy.
If the price can break back above 2700, the next key resistance to watch is at 2718.
XAUUSD moved higher, surpassing the initial target of 2685 and hitting a local high above 2700.The price then formed a double top around the 2704 level (5m chart) before entering a normal correction phase. During this pullback, it tested the 2675 zone, which held as a strong support area due to its confluence.
Currently, Gold is showing signs of resuming its upward trend and is trading around 2693. My outlook remains bullish as long as the 2670–2675 support zone holds. For now, buying during dips remains the best strategy.
If the price can break back above 2700, the next key resistance to watch is at 2718.
Trade attivo
As expected, XauUsd broke above 2700
2718 target is in focus now
New formed support at 2690
Trade chiuso: obiettivo raggiunto
2718 touched
Target reached
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