"Gold’s Golden Run: Smart Money Loading at Key Zones!"
Gold (XAU/USD) Technical Analysis
🔍 Trend Overview
Gold continues its strong bullish momentum, trading at $3,236 after a clean breakout above the Previous Week High and the Buying Area ($3,168). Price action reflects continued strength with higher highs and volume confirmation.
🟢 Key Bullish Developments
- Range Breakouts observed on two occasions acted as solid bases for further upside.
- Sharp rally from the Point of Interest (POI) ($3,101 zone) indicates strong buyer interest.
- Price is now approaching the Target Area between $3,245 – $3,320, suggesting limited resistance ahead.
📌 Support Levels to Watch
- $3,168 - $3,180: Recently flipped from resistance to support (Buying Area).
- $3,101: Strong POI from previous consolidation zone.
📈 Outlook
As long as price remains above $3,168, continuation towards $3,270 and potentially $3,320 is likely. Any pullback into the buying zone could offer fresh long opportunities.
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🔍 Trend Overview
Gold continues its strong bullish momentum, trading at $3,236 after a clean breakout above the Previous Week High and the Buying Area ($3,168). Price action reflects continued strength with higher highs and volume confirmation.
🟢 Key Bullish Developments
- Range Breakouts observed on two occasions acted as solid bases for further upside.
- Sharp rally from the Point of Interest (POI) ($3,101 zone) indicates strong buyer interest.
- Price is now approaching the Target Area between $3,245 – $3,320, suggesting limited resistance ahead.
📌 Support Levels to Watch
- $3,168 - $3,180: Recently flipped from resistance to support (Buying Area).
- $3,101: Strong POI from previous consolidation zone.
📈 Outlook
As long as price remains above $3,168, continuation towards $3,270 and potentially $3,320 is likely. Any pullback into the buying zone could offer fresh long opportunities.
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Dagangan aktif
Dagangan ditutup: sasaran tercapai
3320 achieved , from 3205
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Penafian
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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.