Gold continues to demonstrate exceptional bullish momentum, validating yesterday's primary scenario prediction shared here. Currently trading at 3,010.965, gold has surged past the R1 target of 2,952.228 as forecasted and is now approaching the R2 resistance level at 3,046.317.
Current Market Conditions
-Successfully sustaining on the 3,000 psychological barrier
- Trading well above the previous all-time high (2,956.73), which is now serving as strong support
- The chart shows minimal retracement following the breakout, indicating robust buying pressure
Updated Projections
1. Primary Scenario (Continued Bullish Momentum): Gold is likely to test the R2 resistance at 3,046.317 in the near term. With current momentum, a push toward R3 at 3,136.323 remains a strong possibility.
2. Secondary Scenario (Minor Consolidation): We may see brief consolidation around current levels before the next leg up. However, as long as price remains above 2,952 (R1), the bullish outlook remains intact.
Key Levels to Monitor
- Immediate resistance: 3,046.317 (R2)
- Extended target: 3,136.323 (R3)
- Support levels:$2,952.228 (R1, previous resistance now support)
Market Sentiment
The strong daily close with minimal upper wicks indicates buyers remain in control with no significant profit-taking yet. The overall trend structure remains intact with higher highs and higher lows, confirming the bullish bias.
Gold's performance likely continues to be supported by geopolitical tensions, inflation concerns, and potential monetary policy adjustments. With no technical weakness apparent on the daily timeframe, maintain bullish outllok overall.
Current Market Conditions
-Successfully sustaining on the 3,000 psychological barrier
- Trading well above the previous all-time high (2,956.73), which is now serving as strong support
- The chart shows minimal retracement following the breakout, indicating robust buying pressure
Updated Projections
1. Primary Scenario (Continued Bullish Momentum): Gold is likely to test the R2 resistance at 3,046.317 in the near term. With current momentum, a push toward R3 at 3,136.323 remains a strong possibility.
2. Secondary Scenario (Minor Consolidation): We may see brief consolidation around current levels before the next leg up. However, as long as price remains above 2,952 (R1), the bullish outlook remains intact.
Key Levels to Monitor
- Immediate resistance: 3,046.317 (R2)
- Extended target: 3,136.323 (R3)
- Support levels:$2,952.228 (R1, previous resistance now support)
Market Sentiment
The strong daily close with minimal upper wicks indicates buyers remain in control with no significant profit-taking yet. The overall trend structure remains intact with higher highs and higher lows, confirming the bullish bias.
Gold's performance likely continues to be supported by geopolitical tensions, inflation concerns, and potential monetary policy adjustments. With no technical weakness apparent on the daily timeframe, maintain bullish outllok overall.
Trade attivo
Going good as predicted Trade chiuso: obiettivo raggiunto
Going as planned 
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✅For Live Update on Gold Price and trade opportunities ; Join Free community
t.me/livepriceactiontrading
t.me/livepriceactiontrading
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.