Gold (XAUUSD) has shown strong bullish momentum, breaking above previous structure and pushing into the resistance area near 3560–3600. Currently, price is pulling back from resistance and may retest the demand zone around 3480–3500 before continuing higher.
Key points on this chart:
✅ Clear demand zone around 3480–3500 acting as potential support
✅ Previous trendline breakout confirming bullish bias
✅ Resistance zone at 3560–3600 to watch for profit-taking or breakout opportunities
✅ Moving averages showing upward trend confirmation
📈 A potential scenario: price retests demand → forms bullish structure → continuation toward 3600+.
❗ If price breaks below 3480, deeper correction may follow.
This analysis is for educational purposes only. Not financial advice. Always apply proper risk management before trading.
Key points on this chart:
✅ Clear demand zone around 3480–3500 acting as potential support
✅ Previous trendline breakout confirming bullish bias
✅ Resistance zone at 3560–3600 to watch for profit-taking or breakout opportunities
✅ Moving averages showing upward trend confirmation
📈 A potential scenario: price retests demand → forms bullish structure → continuation toward 3600+.
❗ If price breaks below 3480, deeper correction may follow.
This analysis is for educational purposes only. Not financial advice. Always apply proper risk management before trading.
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$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
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t.me/profitmagnetpro12
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.