XAUUSD broke above the previous resistance zone with a strong momentum candle, showing that buyers have taken control. That breakout is the first sign that the short-term structure has shifted higher.
Now, the retest matters most. Rather than chasing the move, I want to see how price behaves if it returns to the broken resistance area. A clear rejection, bullish engulfing candle, or fresh buying momentum from that zone would confirm that former resistance has turned into support.
Once that reaction is confirmed, I will be looking for long opportunities toward 4,600.
This is only my chart view, not financial advice. Always confirm your setup and manage risk properly.
Now, the retest matters most. Rather than chasing the move, I want to see how price behaves if it returns to the broken resistance area. A clear rejection, bullish engulfing candle, or fresh buying momentum from that zone would confirm that former resistance has turned into support.
Once that reaction is confirmed, I will be looking for long opportunities toward 4,600.
This is only my chart view, not financial advice. Always confirm your setup and manage risk properly.
Trade active
Trade closed: target reached
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🚀 SMART CRYPTO TRADING STARTS HERE!
BTC • ETH • ALTCOINS
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⚡ Real-Time Alerts & Market Insights
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🔥 TRADE SMARTER. STAY AHEAD.
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BTC • ETH • ALTCOINS
🎯 Daily Signals | Entry • TP • SL
⚡ Real-Time Alerts & Market Insights
💎 VIP Signals & Private Support
🔥 TRADE SMARTER. STAY AHEAD.
👇 JOIN OUR COMMUNITY
t.me/+22Cs-Z14bJg3NDJl
Related publications
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.