Gold Spot / U.S. Dollar
Updated

Strong Bullish Momentum, Eyeing a Break Above $3,420

414
Hello everyone,

Gold is currently maintaining a clear bullish structure as the Cup and Handle pattern nears completion, signalling the potential for a breakout should the $3,420 resistance be breached. The Fair Value Gap (FVG) zones at $3,375 – $3,400 have repeatedly acted as solid support for the ongoing uptrend, while trading volumes during upward sessions highlight that buying pressure remains dominant. Should the price break above $3,420, the next target could extend to $3,440, or even higher, as the bullish momentum strengthens further.

Do you think gold has the strength to push through $3,420 this time? Share your thoughts in the comments!
Trade closed: target reached

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