Long
XAU/USD: Bullish Momentum Holds Above Key Support at 3,670
XAU/USD continues to maintain a bullish structure, having bounced from higher lows and broken above the 3,670 level, reinforcing upward momentum. Price is now consolidating just below the resistance zone, with the upward channel still defining the broader trend.
If buyers defend the 3,670 support, gold could look to extend toward the 3,715 resistance area, in line with current projected targets. The presence of a strong impulse leg and support from the rising trendline signal that bulls remain in control, unless this key level is broken.
If buyers defend the 3,670 support, gold could look to extend toward the 3,715 resistance area, in line with current projected targets. The presence of a strong impulse leg and support from the rising trendline signal that bulls remain in control, unless this key level is broken.
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.