Hello guys!
Gold has successfully broken above the key resistance level marked as the breakout level, confirming bullish momentum. This breakout follows a clear bullish divergence, indicating a reversal from the recent downtrend. The strong upward movement suggests increased buyer interest and continuation potential.
Two bullish scenarios are in play:
Scenario 1: Price continues upward from the current breakout zone without a retest, targeting the next resistance area around $3,440–$3,470.
Scenario 2: A pullback to the breakout level or the demand zone near $3,325–$3,340, followed by a bullish continuation.
What I see:
✅ Bullish divergence identified at the recent low
✅ Breakout from a significant resistance level
📈 Momentum favors continued upside
Gold has successfully broken above the key resistance level marked as the breakout level, confirming bullish momentum. This breakout follows a clear bullish divergence, indicating a reversal from the recent downtrend. The strong upward movement suggests increased buyer interest and continuation potential.
Two bullish scenarios are in play:
Scenario 1: Price continues upward from the current breakout zone without a retest, targeting the next resistance area around $3,440–$3,470.
Scenario 2: A pullback to the breakout level or the demand zone near $3,325–$3,340, followed by a bullish continuation.
What I see:
✅ Bullish divergence identified at the recent low
✅ Breakout from a significant resistance level
📈 Momentum favors continued upside
Trade active
Scenario 1 is running!Trade closed: target reached
It almost touched the target area!
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.