XAUUSD continues to exhibit a clear bullish structure, consistently forming higher lows and holding above the Ichimoku cloud. The current sideways movement around 4,340 appears to be a period of consolidation rather than a reversal signal.
The 4,313 level is a key area to watch should a pullback occur. This level represents a confluence of immediate support, the rising trendline, and the upper boundary of the Ichimoku cloud. As long as this zone holds, the advantage remains with the buyers.
I anticipate that XAUUSD may continue to test the 4,375–4,396 range. A breakout and sustained hold above this area could extend the uptrend. Conversely, a drop below 4,313 would weaken the short-term bullish outlook.
This is a personal perspective, not an investment recommendation.
The 4,313 level is a key area to watch should a pullback occur. This level represents a confluence of immediate support, the rising trendline, and the upper boundary of the Ichimoku cloud. As long as this zone holds, the advantage remains with the buyers.
I anticipate that XAUUSD may continue to test the 4,375–4,396 range. A breakout and sustained hold above this area could extend the uptrend. Conversely, a drop below 4,313 would weaken the short-term bullish outlook.
This is a personal perspective, not an investment recommendation.
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Educational only. Not financial advice. Trading involves risk.
Free daily Forex, Gold, Crypto setups with reasoning
Entry, invalidation, targets and reviews
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Educational only. Not financial advice. Trading involves risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.