XAU/USD Analysis: Gold Surging Toward New Heights

8 482
The Gold 4H chart exhibits a strongly bullish structure with no major signs of exhaustion. After a healthy correction phase in early February, the precious metal has initiated a powerful rally, supported by a perfectly respected long-term ascending trendline. Currently, the price has broken out of a compression zone (ascending triangle) by clearing the psychological resistance around $5,100. This breakout is confirmed by the breach of a short-term bearish trendline, signaling that buyers have aggressively regained control.

In the short term, the current $5,107 level now acts as a support ("polarity"). If the price holds above this pivot, the projected path suggests an immediate continuation. The graphical projection points to a first target near $5,300, with potential extension toward the major resistance zone at $5,550 - $5,600. Risk management remains paramount: as long as the black ascending trendline is not broken to the downside, the bias remains strictly bullish. Investors will be watching for a potential retest of the $5,100 support to consolidate this momentum before the next bullish leg.

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.