XAUUSD Strong break-out ahead to $3700.

Gold (XAUUSD) is trading within a Channel Up, while being supported by the 1D MA50 (blue trend-line). This is similar to the December 19 2024 - January 30 2025 Channel Up, which when it broke above the previous Higher High Resistance, it rose straight to the 1.618 Fibonacci extension.

As a result, as long as the 1D MA50 supports, we are looking for a medium-term bullish break-out, possible by the end of July, targeting at least 3700.

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