Gold has delivered a strong bullish breakout above the previous resistance zone around 4,220–4,250, confirming renewed buying momentum. The breakout is supported by large bullish candles and price trading well above the Ichimoku Cloud, indicating that buyers currently control the trend.
The former resistance zone is now acting as a potential support area. As long as price remains above 4,220, the bullish outlook remains intact. A healthy pullback into this zone followed by bullish confirmation could provide another opportunity for trend continuation.
The projected path suggests buyers may continue pushing toward higher resistance levels if momentum is maintained. However, traders should watch for bearish rejection candles near resistance, as they could trigger a short-term correction before the next leg higher.
Key Levels
Support: 4,220–4,250
Secondary Support: 4,191
Target 1: 4,295
Target 2: 4,334
Target 3: 4,368
Trading Plan
Bullish Bias: Buy on a pullback that holds above 4,220–4,250 or on a confirmed breakout above 4,295.
Invalidation: A sustained move below 4,220 would weaken the current bullish structure and increase the probability of a deeper retracement toward 4,191.
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أغلقت الصفقة: تم الوصول للهدف
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