XAUUSD holds the trend – Will it break through 3,440?

24 mag

Gold continues to maintain a strong uptrend on the daily timeframe, supported by a rising trendline and upward-sloping EMA 34 and EMA 89. The price is now approaching the key resistance zone at 3,440 – a level that has been rejected twice in the past – making a slight pullback entirely possible.

However, the market structure shows no signs of reversal, and any dip toward the support area around 3,210 could present a “buy on dip” opportunity. As long as the price remains above the ascending trendline, the primary trend is still upward.

Traders are advised to patiently wait for clear signals near support rather than FOMO at resistance. If the 3,440 barrier is broken successfully, bullish momentum may accelerate toward higher targets.

25 mag

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