**Gold (XAU/USD).
### **Key Observations:**
✔ **Uptrend Strength:** Gold had a strong bullish move earlier, with a notable spike in volume.
✔ **Support & Resistance:**
- **Immediate support:** Around **$2,932 - $2,928** (black moving average line).
- **Resistance:** Around **$2,936 - $2,940**, where price struggled to break higher.
✔ **Moving Averages:**
- The **short-term (red & blue)** moving averages are trending upwards, signaling ongoing bullish momentum.
- The **long-term (black) moving average** remains below, supporting the uptrend.
### **Potential Scenarios:**
📈 **Bullish Case:** If Gold breaks above **$2,936 - $2,940**, it could re-test **$2,950** and move toward higher highs.
📉 **Bearish Case:** A break below **$2,928** could trigger a retest of lower supports near **$2,920 - $2,912**.
### **Key Observations:**
✔ **Uptrend Strength:** Gold had a strong bullish move earlier, with a notable spike in volume.
✔ **Support & Resistance:**
- **Immediate support:** Around **$2,932 - $2,928** (black moving average line).
- **Resistance:** Around **$2,936 - $2,940**, where price struggled to break higher.
✔ **Moving Averages:**
- The **short-term (red & blue)** moving averages are trending upwards, signaling ongoing bullish momentum.
- The **long-term (black) moving average** remains below, supporting the uptrend.
### **Potential Scenarios:**
📈 **Bullish Case:** If Gold breaks above **$2,936 - $2,940**, it could re-test **$2,950** and move toward higher highs.
📉 **Bearish Case:** A break below **$2,928** could trigger a retest of lower supports near **$2,920 - $2,912**.
Trade active
**🚀 Gold Trade Update** ✅ **Bullish case confirmed!** Gold hit all **TPs** and made a new **higher high at 2980**.
📈 **All trades closed**—secure your profits!
🔔 **Stay tuned** for more updates and **premium trading ideas** with **EliteTrader9090**.
Trade closed: target reached
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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.
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.