Gold Approaches All-Time High with Strong Bullish Momentum
Analysis:
Gold (XAU/USD) is showing strong bullish momentum after breaking through the buy zone around the $3,450 level. Price action has respected the ascending channel and successfully pushed above key resistance levels.
Currently, gold is trading at $3,473, with the next major target set at the all-time high (ATH) of $3,550, as highlighted on the chart. The breakout above the consolidation zone suggests continued buyer strength, supported by high trading volume.
If the bullish momentum sustains, we can expect a new ATH around $3,550+, while a failure to hold above $3,450 may bring a short-term pullback toward $3,400 – $3,346 support levels.
Overall, sentiment remains bullish, and gold looks ready to test higher highs if momentum continues.
Would you like me to also create a trade plan (entry, stop loss, take profit levels) for this setup?
Gold (XAU/USD) is showing strong bullish momentum after breaking through the buy zone around the $3,450 level. Price action has respected the ascending channel and successfully pushed above key resistance levels.
Currently, gold is trading at $3,473, with the next major target set at the all-time high (ATH) of $3,550, as highlighted on the chart. The breakout above the consolidation zone suggests continued buyer strength, supported by high trading volume.
If the bullish momentum sustains, we can expect a new ATH around $3,550+, while a failure to hold above $3,450 may bring a short-term pullback toward $3,400 – $3,346 support levels.
Overall, sentiment remains bullish, and gold looks ready to test higher highs if momentum continues.
Would you like me to also create a trade plan (entry, stop loss, take profit levels) for this setup?
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t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
join my telegram channel free
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.