XAUUSD – A New Bullish Wave Has Begun
The Daily chart shows that gold has decisively broken above the flat resistance around 3,500, marking a strong breakout after months of consolidation. This move completes the Ascending Triangle formation, confirming that buying pressure is in control.
In the short term, after the recent surge, the market may retrace slightly toward the 3,500–3,520 zone to retest this new support. If this level holds, the bullish trend is likely to continue, paving the way for further upside.
Key levels to watch:
Major Support: 3,500–3,520
Immediate Resistance: 3,575–3,600
Next Target: 3,700–3,750-3,800 if momentum remains strong
Technical signals remain aligned with the bulls. Any pullback should be seen as an opportunity to join the prevailing uptrend.
Do you think gold will push toward the 3,700 mark in this bullish wave?
The Daily chart shows that gold has decisively broken above the flat resistance around 3,500, marking a strong breakout after months of consolidation. This move completes the Ascending Triangle formation, confirming that buying pressure is in control.
In the short term, after the recent surge, the market may retrace slightly toward the 3,500–3,520 zone to retest this new support. If this level holds, the bullish trend is likely to continue, paving the way for further upside.
Key levels to watch:
Major Support: 3,500–3,520
Immediate Resistance: 3,575–3,600
Next Target: 3,700–3,750-3,800 if momentum remains strong
Technical signals remain aligned with the bulls. Any pullback should be seen as an opportunity to join the prevailing uptrend.
Do you think gold will push toward the 3,700 mark in this bullish wave?
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New Update: XAUUSD – Bearish Crab Signals a Potential Pullback
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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.
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.