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Bullish Shift in Gold Breakout in Sight?The gold market has recently confirmed a Market Structure Shift (MSS), signaling a bullish transition in the current trend. Price action is currently moving upward but has entered a key engulfing sell zone, where sellers have previously shown strong interest. The market is now testing a significant resistance level around 3385, which has temporarily capped further upside momentum. If a decisive candlestick closes above the 3385 resistance zone, it could confirm bullish strength and open the door for a potential continuation to the upside. In such a scenario, a retest of the broken level may provide a high-probability entry point for further bullish targets, as the market aims to sweep higher liquidity levels. As always, Do Your Own Research (DYOR) before making any trading decisions. Market conditions can shift rapidly, and risk management remains essential.
OANDA:XAUUSDLong
by TradeCraft_FX
XAUUSD 30M – Stuck in a Range, Waiting for a Clean BreakGold is currently moving within a tight range between $3,385.01 (resistance) and $3,358.87 (support). Price has tested both edges multiple times, but without any clean follow through. The movement inside this zone is choppy and lacks momentum. While trades inside the range are possible, they carry more risk due to inconsistent structure and quick reversals. The better setup is to wait for a confirmed break on either side. Key Levels: → A 30 minute candle close above $3,385.01 could bring buyers in, with upside targets near $3,389.09 and beyond. → A clean break and close below $3,358.87 would shift momentum to the downside and may open the path toward $3,353.25 or lower. For now, it’s a range with no clear dominance. Staying patient and waiting for a breakout gives better risk to reward. #XAUUSD #Gold #PriceAction #RangeSetup #BreakoutTrade #SupportResistance #30mChart
FOREXCOM:XAUUSD
by fxt8