📆 What happened yesterday?
After more than a week of frustrating, sideways price action, Gold finally broke out above the key 3370 resistance zone.
The breakout was clean and impulsive, with
XAUUSD pushing to an intraday high around 3400.
Following that move, price printed a small double top near the high and began a modest correction — perfectly normal after such a breakout. At the time of writing, Gold trades at 3385, still holding above former resistance.
📈 Why this breakout matters:
The daily close at 3396 came in strong and near the top, leaving behind a clear Marubozu candle
This kind of price action signals conviction and momentum
The breakout confirms what I’ve been anticipating for days — the range is resolved, and the market is choosing the bullish path
🎯 What to expect next:
If price stabilizes above 3400, the road to 3450 opens — which is the target mentioned in my previous analyses
That area represents the next major resistance and likely magnet for price if bulls stay in control
🧭 Trading Plan:
For me, the plan is now simple:
✅ Buy the dips — especially on a potential retest of the 3370–3375 broken resistance, which now turns into support
❌ Negation comes only with a daily close below 3360, which would invalidate this breakout and raise questions
📌 Conclusion:
The breakout has finally come. After days of coiling, Gold chose the upside.
Momentum is building, structure is clean, and bulls are back in control — unless 3360 fails.
Until then, I remain bullish, looking to buy dips into strength. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
After more than a week of frustrating, sideways price action, Gold finally broke out above the key 3370 resistance zone.
The breakout was clean and impulsive, with
XAUUSD pushing to an intraday high around 3400.Following that move, price printed a small double top near the high and began a modest correction — perfectly normal after such a breakout. At the time of writing, Gold trades at 3385, still holding above former resistance.
📈 Why this breakout matters:
The daily close at 3396 came in strong and near the top, leaving behind a clear Marubozu candle
This kind of price action signals conviction and momentum
The breakout confirms what I’ve been anticipating for days — the range is resolved, and the market is choosing the bullish path
🎯 What to expect next:
If price stabilizes above 3400, the road to 3450 opens — which is the target mentioned in my previous analyses
That area represents the next major resistance and likely magnet for price if bulls stay in control
🧭 Trading Plan:
For me, the plan is now simple:
✅ Buy the dips — especially on a potential retest of the 3370–3375 broken resistance, which now turns into support
❌ Negation comes only with a daily close below 3360, which would invalidate this breakout and raise questions
📌 Conclusion:
The breakout has finally come. After days of coiling, Gold chose the upside.
Momentum is building, structure is clean, and bulls are back in control — unless 3360 fails.
Until then, I remain bullish, looking to buy dips into strength. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Trade active
Gold broke yesterday's high and most importantly, the resistance of the symmetrical triangle
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.