GOLD/USD Bullish Breakout Potential 🚀📈
🔍 Chart Analysis (June 15, 2025):
The GOLD/USD price action shows strong bullish momentum after a successful breakout above the previous resistance zone (now turned support) around $3,400. This level had previously acted as a key resistance multiple times (evidenced by the price rejection in early June), but has now been flipped into a support zone. The chart highlights two major elements:
📌 Key Highlights:
✅ Support Zone:
The $3,390–$3,410 range is now a confirmed support area after price broke above and retested it. This zone was previously tested multiple times (marked by arrows) and is expected to act as a launchpad for further upside.
🎯 Target Point:
The projected bullish target lies in the $3,610–$3,640 range. This level has been highlighted as a potential area where price might face resistance again.
📈 Bullish Projection:
A bullish continuation is expected if the price remains above the $3,400 level. The chart suggests a possible pullback to support before continuation towards the target zone.
⚠️ Technical Outlook:
As long as price holds above support, the bias remains bullish.
A drop below $3,390 would invalidate this bullish scenario and call for reassessment.
Conservative entry may wait for a confirmed bounce from support.
🔮 Summary:
Bullish bias is active for GOLD/USD with a short-term target around $3,620. Watch the $3,400 support closely for confirmation of the upward momentum.
🔍 Chart Analysis (June 15, 2025):
The GOLD/USD price action shows strong bullish momentum after a successful breakout above the previous resistance zone (now turned support) around $3,400. This level had previously acted as a key resistance multiple times (evidenced by the price rejection in early June), but has now been flipped into a support zone. The chart highlights two major elements:
📌 Key Highlights:
✅ Support Zone:
The $3,390–$3,410 range is now a confirmed support area after price broke above and retested it. This zone was previously tested multiple times (marked by arrows) and is expected to act as a launchpad for further upside.
🎯 Target Point:
The projected bullish target lies in the $3,610–$3,640 range. This level has been highlighted as a potential area where price might face resistance again.
📈 Bullish Projection:
A bullish continuation is expected if the price remains above the $3,400 level. The chart suggests a possible pullback to support before continuation towards the target zone.
⚠️ Technical Outlook:
As long as price holds above support, the bias remains bullish.
A drop below $3,390 would invalidate this bullish scenario and call for reassessment.
Conservative entry may wait for a confirmed bounce from support.
🔮 Summary:
Bullish bias is active for GOLD/USD with a short-term target around $3,620. Watch the $3,400 support closely for confirmation of the upward momentum.
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.