After multiple retests of the ascending trendline since March, gold (XAUUSD) continues to hold a solid bullish structure. While it hasn’t decisively broken through the 3,366 resistance, price action suggests that buyers are still in control. The repeated appearance of FVG zones signals smart money accumulation beneath the surface.
On the news front, U.S. PPI data came in at a 0.2% increase — exactly in line with expectations. This neutral result hasn’t given the USD a strong push, which may allow gold to maintain or even inch higher in the short term.
As long as the 3,265 support zone holds, the path remains open for a move toward the 3,449 target area. This might be the final consolidation before a powerful breakout. The question is: are you ready to ride the next leg up?
On the news front, U.S. PPI data came in at a 0.2% increase — exactly in line with expectations. This neutral result hasn’t given the USD a strong push, which may allow gold to maintain or even inch higher in the short term.
As long as the 3,265 support zone holds, the path remains open for a move toward the 3,449 target area. This might be the final consolidation before a powerful breakout. The question is: are you ready to ride the next leg up?
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.