"Gold Price Action Speaks: Clean Break, Strong Target!

Jun 5

🟢 GOLD/USD Technical Analysis – Bullish Momentum Ahead

Gold (XAU/USD) is currently exhibiting strong bullish momentum after breaking above a key support-turned-resistance zone near 3390, which now acts as a support area for price. A sharp rally followed by a retest of this support zone suggests potential for continuation to the target zone around 3430.

* 📌 Support Zone: 3390 – 3380 (holding well with bullish confirmation)
* 📈 Target Zone: 3430+ (marked as potential short-term resistance)
* 🔄 Price Action: Bullish breakout + retest confirms entry opportunity
* 📊 Volume: Increasing on breakout, confirming buying strength

▪️Outlook:

As long as the price remains above 3390, the bias remains bullish with high probability for a move toward the 3430 zone.

🔹Community Insight:

If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.

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Jun 5

Trade active

from 3380

Jun 5

Note

Jun 6

Note

trade running 200 pips+

Jun 6

Trade closed manually

with some 200 pips