🔍 Technical Overview – GOLD (XAU/USD)
📌 Consolidation and Breakout
Gold traded within a tight consolidation zone for several sessions, forming a range between $3,215 and $3,240. This sideways movement indicated indecision in the market.
🚀 Bullish Breakout Confirmation
A strong bullish breakout candle has emerged, pushing price above the range and signaling bullish continuation. This move was supported by increasing volume, adding confidence to the breakout.
🔄 Key Support Zone: Demand & RBS + Fibonacci
Price is now retesting the previous resistance, which aligns with a demand zone and Fibonacci retracement level a classic RBS (resistance becomes support) structure. A successful retest here may fuel the next leg higher.
🎯 Upside Targets
- First Target: $3,300
- Second Target: $3,320
- Final Resistance: $3,336
⚠️ Conclusion
The breakout above consolidation signals renewed bullish momentum. As long as price holds above the $3,240–$3,220 support zone, GOLD remains bullish with targets up to $3,336.
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📌 Consolidation and Breakout
Gold traded within a tight consolidation zone for several sessions, forming a range between $3,215 and $3,240. This sideways movement indicated indecision in the market.
🚀 Bullish Breakout Confirmation
A strong bullish breakout candle has emerged, pushing price above the range and signaling bullish continuation. This move was supported by increasing volume, adding confidence to the breakout.
🔄 Key Support Zone: Demand & RBS + Fibonacci
Price is now retesting the previous resistance, which aligns with a demand zone and Fibonacci retracement level a classic RBS (resistance becomes support) structure. A successful retest here may fuel the next leg higher.
🎯 Upside Targets
- First Target: $3,300
- Second Target: $3,320
- Final Resistance: $3,336
⚠️ Conclusion
The breakout above consolidation signals renewed bullish momentum. As long as price holds above the $3,240–$3,220 support zone, GOLD remains bullish with targets up to $3,336.
If you enjoy, press the like button.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.