XAUUSD market has demonstrated resilience with a strong bullish rebound following the NFP, suggesting that institutional buyers are stepping in at critical support levels. The precious metal is now testing key resistance zones that will determine whether the recovery can gain sustainable momentum.The chart reveals a compelling technical setup with gold bouncing strongly just above the June low support zone around $3,265. This rebound has pushed price back above the $3,330 level and is now approaching the critical $3,400 resistance area. The strong bullish rebound after the NFP release indicates that the selling pressure faded, with buyers emerging at attractive levels near the June lows.
The previous pullback phase has been contained within the broader ascending channel structure, maintaining the overall bullish framework. The triangle pattern breakout to the downside appears to have been a false move, with the current rebound suggesting that the correction may be complete. The ability to hold above the previous week low has preserved the medium-term uptrend structure.
Key levels to monitor include the immediate resistance at $3,400 and the previous support-turned-resistance at $3,330. A decisive break above $3,400 would likely trigger renewed bullish momentum toward the $3,440-$3,465 zone, while failure to sustain above $3,330 could see another test of the June low support. The strong rebound from critical support levels suggests that the broader bullish bias remains intact, with this correction potentially setting up for the next leg higher.
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تم فتح الصفقة
XAUUSD is forming a higher low above the 3330 support after a strong rebound triggered by the NFP release. Price broke out of the descending trendline and is currently retesting it as support, showing signs of continuation. As long as the price remains above 3325 -3330 and holds the retest area, the path toward 3400.00 remains open. The structure points to a bullish breakout from recent consolidation and a possible rally continuation.📉 Key Levels
- Buy trigger: Break and hold above 3345.00
- Buy zone: 3325.00 – 3345.00
- Target: 3400.00
- Invalidation: Drop below 3285.00
💡 Risks
- A failed retest of the broken trendline may lead to a reversal
- Price could get rejected at the 3400.00 mid-resistance
- A renewed drop in macro sentiment might invalidate bullish setup
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t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
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🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.