The price perfectly fulfilled my previous idea. 
XAUUSD is accelerating off the trendline support with a sharp impulse leg and now hovering around a potential breakout zone. Momentum remains bullish as price reclaims previous highs and aims for the upper boundary of the resistance zone. The structure favors continuation as long as the trendline holds.
📌 Key Levels
XAUUSD is accelerating off the trendline support with a sharp impulse leg and now hovering around a potential breakout zone. Momentum remains bullish as price reclaims previous highs and aims for the upper boundary of the resistance zone. The structure favors continuation as long as the trendline holds.📌 Key Levels
- Support zone: 3,345.000 (PDH and trendline convergence)
- Breakout target: 3,495.000 (Resistance ceiling within the TARGET area)
- Invalidation level: Below 3,345.000 and trendline breakdown
- Potential false breakout above 3,400
- Failure to hold above 3,345 may trigger deeper correction
- Resistance at ATH level could stall momentum
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade active
Gold faced strong rejection near the descending red resistance trendline after rebounding from the bottom support zone, entering a brief range before sharply pulling back again. The price is now hovering above a key intersection of trendline support and horizontal structure near $3,300, hinting at a potential rebound. A bounce from the current structure could signal continuation toward the upper resistance, but bulls must defend $3,300 first.
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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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.