Steady Climb: Gold Confirms Breakout, Support Shifts to 3400We have seen impressive strength on gold with a slow but steady breakout above 3400, confirming a bullish tone in the market. Price has also cleared the previous swing high near 3410, turning this zone into fresh support (3400–3410). Alongside this, the rising trendline support (black line) continues to guide the uptrend, adding confidence to the move.
From a price action perspective, this breakout looks healthy and signals that buyers are gaining control. The next big level to watch is the 3450 zone, which stands as the key breakout area for a larger move higher. On the flip side, as long as 3400–3410 holds, the bullish outlook remains intact.
With both the monthly and weekly closing happening today, the candle close will be crucial in setting the tone for the next leg. A strong close above 3410 would further validate the bullish breakout, while any failure to hold above support could bring some profit-taking. For now, the overall structure favors the bulls.
