Gold (XAU/USD) new ATH After Breaking Key
The 30-minute chart shows a strong upward momentum, with the price currently trading above several key support levels.
The recent breakout above $2,469.76 has paved the way for further gains, and the price is now targeting the psychological resistance level of $2,500.
If the price continues to follow the projected path, we could see a short-term retracement to retest the $2,474.51 or $2,482.67 levels, providing potential entry points for traders.
The overall trend remains bullish, and a sustained break above $2,500 could signal a continuation towards higher levels, with $2,505 and $2,510 being the next areas of interest.
Traders should monitor for potential consolidation or pullbacks near $2,485, as this could serve as a launchpad for the next leg higher.
The recent breakout above $2,469.76 has paved the way for further gains, and the price is now targeting the psychological resistance level of $2,500.
If the price continues to follow the projected path, we could see a short-term retracement to retest the $2,474.51 or $2,482.67 levels, providing potential entry points for traders.
The overall trend remains bullish, and a sustained break above $2,500 could signal a continuation towards higher levels, with $2,505 and $2,510 being the next areas of interest.
Traders should monitor for potential consolidation or pullbacks near $2,485, as this could serve as a launchpad for the next leg higher.
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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.
iSmashProfit
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.