Gold Spot / U.S. Dollar
Long
Updated

XAUUSD

12 681
Hello Traders! 👋

What are your thoughts on XAUUSD?

Gold has successfully broken above its descending trendline, signaling a potential shift in market structure and growing bullish momentum.
A pullback toward the broken trendline is now likely, as price may retest the breakout zone.
Once the pullback is completed, we anticipate a bullish continuation and a move toward higher levels.
As long as price holds above the identified support zone, the bullish outlook remains valid.
Will gold resume its rally after the pullback? Share your thoughts in the comments! 🤔👇

Don’t forget to like and share your thoughts in the comments! ❤️
Trade active
We can enter the first partial position at this point

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.