GOLD (XAUUSD) – BREAKOUT FROM DESCENDING TRENDLINE
Gold has recently broken out of a multi-week descending trendline, with price now trading above former resistance and forming higher highs. The breakout appears technically strong, supported by previous support holding at the 3258 level.
We’ve also seen a successful retest of the broken trendline, which has now turned into support — a classic bullish continuation signal. If this structure holds, potential targets are set at TP1 and TP2 zones.
Key levels to watch:
📈 Support: ~3258
🎯 TP1: Near-term resistance zone
🎯 TP2: Next major resistance area
🛑 SL idea (educational): Below the retest low
⚠️ This post is for educational and technical analysis purposes only. It is not financial advice. Always do your own research and manage your risk.
Gold has recently broken out of a multi-week descending trendline, with price now trading above former resistance and forming higher highs. The breakout appears technically strong, supported by previous support holding at the 3258 level.
We’ve also seen a successful retest of the broken trendline, which has now turned into support — a classic bullish continuation signal. If this structure holds, potential targets are set at TP1 and TP2 zones.
Key levels to watch:
📈 Support: ~3258
🎯 TP1: Near-term resistance zone
🎯 TP2: Next major resistance area
🛑 SL idea (educational): Below the retest low
⚠️ This post is for educational and technical analysis purposes only. It is not financial advice. Always do your own research and manage your risk.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.