Gold Analysis (XAUUSD)
The overall picture for gold remains bullish, with the market sustaining an extended uptrend. Recently, price took out the previous all-time high from April 2025, only to print a long wick and retrace back toward the upper channel trendline.
I currently have an alert set around 3470, where I’ll closely watch how price reacts if it retests the upper channel boundary.
That said, I’m keeping an open mind on both sides:
Bullish case: The broader trend is intact, and if we see signs of strength such as a bullish Turtle Soup setup, I’ll look for long opportunities.
Bearish case: A potential channel blow-off top may be developing, which could open the door for short setups—but only if price action confirms weakness.
Gold has produced several false downside breakouts lately, so I’ll remain cautious and let price action dictate my bias.
The overall picture for gold remains bullish, with the market sustaining an extended uptrend. Recently, price took out the previous all-time high from April 2025, only to print a long wick and retrace back toward the upper channel trendline.
I currently have an alert set around 3470, where I’ll closely watch how price reacts if it retests the upper channel boundary.
That said, I’m keeping an open mind on both sides:
Bullish case: The broader trend is intact, and if we see signs of strength such as a bullish Turtle Soup setup, I’ll look for long opportunities.
Bearish case: A potential channel blow-off top may be developing, which could open the door for short setups—but only if price action confirms weakness.
Gold has produced several false downside breakouts lately, so I’ll remain cautious and let price action dictate my bias.
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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.