In yesterday’s analysis, I argued that following Tuesday’s reversal — which printed a strong continuation bullish Pin Bar — buyers had regained control despite the intraday pullback.
For this reason, I suggested looking to buy dips, as the structure remained constructive.
And once again, during yesterday’s session, the scenario repeated itself.
The drop toward the 3360 zone was met with renewed buying interest, keeping the bullish structure intact.
________________________________________
🔍 Technical Context – Higher Lows Building Pressure
At the time of writing, Gold is trading around 3380, a short-term resistance area that has capped gains so far.
However, the technical picture remains bullish:
Starting with Monday’s low at 3340, which came after a strong impulsive leg up, price has printed a clear succession of higher lows.
This behavior strongly suggests increasing buying pressure and builds the case for a potential breakout to the upside.
________________________________________
🎯 Trading Bias – Holding My Long Position
My bias remains bullish.
In fact, I’m currently holding a long position, entered yesterday, which is now running with a 150 pips unrealized profit.
I’m sticking with the trade, anticipating that a confirmed break above 3380–3390 could trigger upside acceleration toward my final target — a 750 pips profit objective.
________________________________________
🔄 What to Watch Next
• Daily close: A close above 3380=3385 zone would add confirmation to the bullish thesis.
• Key support: The zone around 3360 is now support.
• Breakout trigger: A move above 3380–3385 could unleash momentum buying and open the path to higher levels.
________________________________________
Let’s stay patient and let the market confirm the breakout.
Until then, the structure favors the bulls. 🚀
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.
For this reason, I suggested looking to buy dips, as the structure remained constructive.
And once again, during yesterday’s session, the scenario repeated itself.
The drop toward the 3360 zone was met with renewed buying interest, keeping the bullish structure intact.
________________________________________
🔍 Technical Context – Higher Lows Building Pressure
At the time of writing, Gold is trading around 3380, a short-term resistance area that has capped gains so far.
However, the technical picture remains bullish:
Starting with Monday’s low at 3340, which came after a strong impulsive leg up, price has printed a clear succession of higher lows.
This behavior strongly suggests increasing buying pressure and builds the case for a potential breakout to the upside.
________________________________________
🎯 Trading Bias – Holding My Long Position
My bias remains bullish.
In fact, I’m currently holding a long position, entered yesterday, which is now running with a 150 pips unrealized profit.
I’m sticking with the trade, anticipating that a confirmed break above 3380–3390 could trigger upside acceleration toward my final target — a 750 pips profit objective.
________________________________________
🔄 What to Watch Next
• Daily close: A close above 3380=3385 zone would add confirmation to the bullish thesis.
• Key support: The zone around 3360 is now support.
• Breakout trigger: A move above 3380–3385 could unleash momentum buying and open the path to higher levels.
________________________________________
Let’s stay patient and let the market confirm the breakout.
Until then, the structure favors the bulls. 🚀
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.
📈 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.