Gold Approaches All-Time High with Strong Bullish Momentum

1 set

Analysis:
Gold (XAU/USD) is showing strong bullish momentum after breaking through the buy zone around the $3,450 level. Price action has respected the ascending channel and successfully pushed above key resistance levels.

Currently, gold is trading at $3,473, with the next major target set at the all-time high (ATH) of $3,550, as highlighted on the chart. The breakout above the consolidation zone suggests continued buyer strength, supported by high trading volume.

If the bullish momentum sustains, we can expect a new ATH around $3,550+, while a failure to hold above $3,450 may bring a short-term pullback toward $3,400 – $3,346 support levels.

Overall, sentiment remains bullish, and gold looks ready to test higher highs if momentum continues.

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3 set

Trade attivo

All target achieved

setups running in 600+pips profit