Gold
XAUUSD is currently in a strong uptrend, backed by both technical breakout and positive fundamentals. The price has decisively cleared the key resistance zone of $3,365–$3,370 and is hovering around $3,368. A healthy pullback to retest this zone could offer a high-probability long setup, with the next target projected at $3,470.
On the macro side, renewed U.S.–China trade tensions—following Trump’s accusations and tariff threats—along with the ongoing Russia–Ukraine conflict, continue to fuel safe-haven demand for gold.https://tradingview.sweetlogin.com/x/wDHj0TVO/
Technically, the structure remains bullish. However, a breakdown below $3,335 would invalidate the current setup and may lead to a deeper correction.
Let’s keep a close eye on this pullback zone. If momentum holds, gold could be gearing up for the next leg higher.
Take care and trade smart
On the macro side, renewed U.S.–China trade tensions—following Trump’s accusations and tariff threats—along with the ongoing Russia–Ukraine conflict, continue to fuel safe-haven demand for gold.https://tradingview.sweetlogin.com/x/wDHj0TVO/
Technically, the structure remains bullish. However, a breakdown below $3,335 would invalidate the current setup and may lead to a deeper correction.
Let’s keep a close eye on this pullback zone. If momentum holds, gold could be gearing up for the next leg higher.
Take care and trade smart
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️🥇 Exchange and learn market knowledge
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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.