XAUUSD Bullish Trend Continuation: Potential Move to $3,400!The price action shows a higher high ("high") and a higher low ("low"), which are characteristic of an uptrend. An upward trendline has been established, connecting a series of higher lows, which is acting as a dynamic support level. A significant horizontal support zone has also been identified around the $3,260 - $3,280 price range, where the price previously found support.
Recently, the price experienced a pullback and bounced off the upward trendline. The analysis anticipates a continuation
