Hi everyone, looking at the XAU/USD 4H chart, gold is showing a tight consolidation after several sessions moving sideways between $3,330 – $3,350. This kind of price action often signals that a big move is coming. The Ichimoku cloud is narrowing, reinforcing the idea that the market is preparing to choose a clear direction.
One key factor is the green FVG zone around $3,310 – $3,320, which is acting as a strong support base. If prices dip, this zone is likely to hold and keep the bullish trend intact. At the same time, trading volume has been ticking higher, hinting that buying pressure is quietly building up.
On the news side, safe-haven demand remains solid after the Trump–Putin meeting ended without concrete results. Adding to that, Citi has forecasted gold could head toward the $3,500 – $3,600 range in the medium term, which strengthens the bullish outlook.
Main Scenario: As long as gold stays above $3,335, a breakout above $3,365 – $3,385 looks likely, which could pave the way toward the $3,425 – $3,450 zone.
In my view, this might be the real breakout instead of just another false move. What do you think – will gold finally reach new highs next week?
One key factor is the green FVG zone around $3,310 – $3,320, which is acting as a strong support base. If prices dip, this zone is likely to hold and keep the bullish trend intact. At the same time, trading volume has been ticking higher, hinting that buying pressure is quietly building up.
On the news side, safe-haven demand remains solid after the Trump–Putin meeting ended without concrete results. Adding to that, Citi has forecasted gold could head toward the $3,500 – $3,600 range in the medium term, which strengthens the bullish outlook.
Main Scenario: As long as gold stays above $3,335, a breakout above $3,365 – $3,385 looks likely, which could pave the way toward the $3,425 – $3,450 zone.
In my view, this might be the real breakout instead of just another false move. What do you think – will gold finally reach new highs next week?
Trade active
Note
.
Trade like you mean it – because every second matters.
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
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.
Trade like you mean it – because every second matters.
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
📊 Instant insights.
📬 Precision signals.
👨🏫 Real coaching. Real results.
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
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.