Hello, it’s great to see you again! Let’s take a look at 
XAUUSD today.
By the end of the previous session, gold continued to gain strong upward momentum, with the precious metal climbing as high as $3,399. At the time of writing, the bullish drive remains intact, with price trading around $3,385.
The gold market is witnessing safe-haven demand amid rising concerns over the independence of the U.S. Federal Reserve, following recent harsh criticism of Fed Chair Jerome Powell by President Trump.
Currently, traders and investors are eagerly awaiting the PCE Price Index, set to be released on Friday. Personally, I expect this will be positive news for gold.
Technical outlook: The bullish momentum is strong and well-supported. However, price is approaching a critical resistance level at $3,400 while forming a wedge pattern. As the wedge narrows, a breakout becomes more likely. I expect a short-term pullback before the uptrend resumes.
What do you think about XAUUSD? Share your thoughts in the comments!
XAUUSD today.By the end of the previous session, gold continued to gain strong upward momentum, with the precious metal climbing as high as $3,399. At the time of writing, the bullish drive remains intact, with price trading around $3,385.
The gold market is witnessing safe-haven demand amid rising concerns over the independence of the U.S. Federal Reserve, following recent harsh criticism of Fed Chair Jerome Powell by President Trump.
Currently, traders and investors are eagerly awaiting the PCE Price Index, set to be released on Friday. Personally, I expect this will be positive news for gold.
Technical outlook: The bullish momentum is strong and well-supported. However, price is approaching a critical resistance level at $3,400 while forming a wedge pattern. As the wedge narrows, a breakout becomes more likely. I expect a short-term pullback before the uptrend resumes.
What do you think about XAUUSD? Share your thoughts in the comments!
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Note
Gold rallies beyond expectations, breaking above $3400 strongly and reaching the $3415 target in the previous analysis.
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
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.