XAUUSD continues attracting significant buying interest as bulls successfully penetrated key resistance levels during the week. The market demonstrates resilience with bulls consistently stepping in during any price declines, suggesting an ongoing upward trajectory ahead.The 4H timeframe shows gold trading within a defined channel, with price action completing an A-B-C corrective movement before breaking through the downward-sloping resistance trendline. The breach above the $3,370 level signals a potential shift in momentum, with the upward trendline now providing dynamic support. The resistance zone around $3,450-3,460 remains the next critical target.
The longer-term perspective highlights an ascending triangle pattern with multiple tests of the resistance band near $3,450. Gold price has risen approximately 40% from where they stood one year ago, reflecting extraordinary momentum. Each test of resistance has been met with renewed buying pressure, indicating strong underlying demand.
On the long-run price action suggest price could average $3,650 by Q4 2025, with potential for $4,000 by mid-2026. Central banks purchased over 400 metric tons in the first half of 2025, providing fundamental support beneath current technical developments.
The breakout above established resistance, combined with the ascending triangle formation and persistent institutional demand, suggests gold remains positioned for continued strength. We should monitor the $3,370 level as new support, with upside targets extending toward $3,500 and beyond.
Trade active
XAUUSD is rebounding from the upward trendline after holding above 3,360, maintaining a bullish structure. Price action suggests a potential push toward the 3,420 resistance level, with a breakout opening the path to the 3,450 zone. Holding above the current trendline is crucial for sustaining momentum. A drop below 3,360 could shift bias back toward the 3,250 support area.📉 Key Levels
- Buy trigger: Break above 3,380 with momentum
- Buy zone: 3,360–3,370
- Target: 3,420
- Invalidation: Close below 3,340
💡 Risks
- Failure to break resistance could lead to range trading
- Strength in USD might pressure gold prices
- Global risk sentiment shifts could trigger quick reversals
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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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.