GOLD is showing strong bullish potential after defending the 3250 – 3284 support zone The market has formed a solid base with multiple rejections from the lows and is now approaching a key resistance level at 3347Consolidation Breakout in Play
Price recently broke out of a consolidation range signaling a shift in momentum The breakout above the consolidation zone is setting the stage for a potential rally if buyers can sustain momentum above 3347
Support levels: 3250 – 3284
Resistance Targets: 3347 - 3369 → 3414
If gold clears the 3347 resistance cleanly we could see a quick move toward the 3369 and 3414 supply zones. The breakout structure suggests increasing bullish pressure and potential trend continuation...
Thank you for the continued support—your likes and comments keep this community growing and motivate me to deliver even more valuable analysis!
chess regards –TrendZelda!
Trade closed manually
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.