XAUUSD has broken above the descending trendline and is currently retesting the breakout zone around $3,330. If this area holds, price may continue to rise toward $3,352 and potentially $3,380.
Current price action suggests a bullish continuation pattern is forming. The bullish outlook would be invalidated if price drops below $3,255.
From a fundamental perspective, gold is supported by HSBC’s upward revision of its 2025 forecast, strong central bank demand, and rising geopolitical tensions – all reinforcing a medium-term bullish outlook.
Current price action suggests a bullish continuation pattern is forming. The bullish outlook would be invalidated if price drops below $3,255.
From a fundamental perspective, gold is supported by HSBC’s upward revision of its 2025 forecast, strong central bank demand, and rising geopolitical tensions – all reinforcing a medium-term bullish outlook.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
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🔥 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.