The chart shows a repeating consolidation‑then‑breakout pattern, with Gold forming ascending swing structures, consolidating in rectangles (green), then riding higher along a rising trendline (purple). Price has just bounced off that trendline again, signaling a possible new leg up—potentially targeting the upper range near $3,448–3,450. A clear breakout above that level could open the door toward $3,500+.
📍 Trading Plan
🎯 Entry
Long on breakout above recent consolidation highs (~$3,440–3,448).
Alternatively, buy the dip near the purple trendline (~$3,385–3,390), with confirmation (hammer candle, bounce).
🛑 Stop‑Loss
For breakout: just below the top of the rectangle consolidation (~$3,389).
For trendline entry: slightly below recent swing low (~$3,358–3,360).
🎯 Profit Targets
Primary: upper rectangle level (~$3,448–3,450).
Extension: historic all‑time high region (~$3,500) → next major zone.
🎥 Path
Potential minor pullback toward trendline.
Bounce establishes support.
Surge toward top of range.
Breakout with trend continuation to new highs.
📊 Trade Risk & Reward
Target ~60–100 pts above entry, stop ~50 pts below → ideal Risk:Reward ≥ 1:1.2.
📌 Key Levels to Monitor
Level Role
$3,360 Swift dip support (green base line)
$3,390–3,400 Trendline confluence zone
$3,440–3,450 Breakout area & top of rectangle
$3,500 Next major resistance/all‑time high
🧭 Market Context & Drivers
Broad uptrend remains intact amid geopolitical tensions, especially the Israel–Iran situation, which continues to support safe-haven flows
Markets are positioning ahead of Fed’s June 18 decision; dovish signals could fuel continuation toward new highs (~$3,500+)
.
Technical structure reflects bullish momentum—ascending wedge patterns with shallow dips and strong trendline bounces
.
✅ Summary
Bias: Bullish – uptrend intact.
Strategy: Go long on dip near trendline or on breakout above $3,445.
Stop‑Loss: Just below last swing low ($3,360).
Targets:
Near-term: $3,448–3,450
Medium-term: $3,500+
📍 Trading Plan
🎯 Entry
Long on breakout above recent consolidation highs (~$3,440–3,448).
Alternatively, buy the dip near the purple trendline (~$3,385–3,390), with confirmation (hammer candle, bounce).
🛑 Stop‑Loss
For breakout: just below the top of the rectangle consolidation (~$3,389).
For trendline entry: slightly below recent swing low (~$3,358–3,360).
🎯 Profit Targets
Primary: upper rectangle level (~$3,448–3,450).
Extension: historic all‑time high region (~$3,500) → next major zone.
🎥 Path
Potential minor pullback toward trendline.
Bounce establishes support.
Surge toward top of range.
Breakout with trend continuation to new highs.
📊 Trade Risk & Reward
Target ~60–100 pts above entry, stop ~50 pts below → ideal Risk:Reward ≥ 1:1.2.
📌 Key Levels to Monitor
Level Role
$3,360 Swift dip support (green base line)
$3,390–3,400 Trendline confluence zone
$3,440–3,450 Breakout area & top of rectangle
$3,500 Next major resistance/all‑time high
🧭 Market Context & Drivers
Broad uptrend remains intact amid geopolitical tensions, especially the Israel–Iran situation, which continues to support safe-haven flows
Markets are positioning ahead of Fed’s June 18 decision; dovish signals could fuel continuation toward new highs (~$3,500+)
.
Technical structure reflects bullish momentum—ascending wedge patterns with shallow dips and strong trendline bounces
.
✅ Summary
Bias: Bullish – uptrend intact.
Strategy: Go long on dip near trendline or on breakout above $3,445.
Stop‑Loss: Just below last swing low ($3,360).
Targets:
Near-term: $3,448–3,450
Medium-term: $3,500+
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.
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.