Gold (XAUUSD) has rallied strongly after breaking out of the wedge pattern, confirming multiple BOS (Break of Structure) signals. Price is now testing a key resistance area near 3600, aligned with the upper boundary of the upward channel.
📌 Key Observations:
Strong bullish momentum after wedge breakout.
Resistance zone at 3580–3600 may trigger short-term rejection.
Possible pullback towards 3520 support zone before next move.
Short-term traders should watch for rejection signals at resistance for a possible pullback entry. Long-term bias remains bullish while price holds above the upward channel support.
📊 Levels to Watch:
Resistance: 3580–3600
This analysis is for educational purposes only and does not constitute financial advice. Always apply proper risk management.
📌 Key Observations:
Strong bullish momentum after wedge breakout.
Resistance zone at 3580–3600 may trigger short-term rejection.
Possible pullback towards 3520 support zone before next move.
Short-term traders should watch for rejection signals at resistance for a possible pullback entry. Long-term bias remains bullish while price holds above the upward channel support.
📊 Levels to Watch:
Resistance: 3580–3600
This analysis is for educational purposes only and does not constitute financial advice. Always apply proper risk management.
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Trade has been active;Always apply proper risk management.
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$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
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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.