Gold Spot / U.S. Dollar
Long
Updated

Gold Holds the Line – Will It Break Above $3,500?

165
Gold continues to maintain its long-term uptrend after a technical pullback toward dynamic support around $3,325, aligning with both the EMA34 and the rising trendline.

If price rebounds from this zone and breaks above the key resistance between $3,460 and $3,500, a strong rally toward $3,600 could unfold in the medium term.

However, upcoming U.S. economic data—including GDP and the Fed’s preferred inflation gauge, Core PCE—will be critical in determining whether gold has the momentum for a breakout or remains in consolidation.

Are you holding gold, or waiting on the sidelines?
Trade active

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.