The price perfectly fulfilled my previous idea. 
XAUUSD is pressing higher after breaking out of its consolidation channel and reclaiming the 3750 level. The market structure is supported by an upward trendline with successive higher highs confirming bullish momentum. As long as price holds above 3728, a push toward the 3800 resistance zone remains likely. The broader trend continues to favor buyers with gold eyeing new all-time highs.
⚠️ Risks:
XAUUSD is pressing higher after breaking out of its consolidation channel and reclaiming the 3750 level. The market structure is supported by an upward trendline with successive higher highs confirming bullish momentum. As long as price holds above 3728, a push toward the 3800 resistance zone remains likely. The broader trend continues to favor buyers with gold eyeing new all-time highs.⚠️ Risks:
- A drop back below 3728 would weaken the breakout and open the way for a retest of 3700 support.
- Stronger USD from Fed Chair Powell comments could cap upside momentum.
- Profit-taking near the 3800 psychological level may trigger short-term volatility.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trade active
XAUUSD continues to climb within an upward channel after rebounding strongly from the 3750 support. Price action shows a developing triangle pattern inside the broader bullish momentum, with higher lows supporting the advance. If price holds above 3747, the breakout projection targets zone above 3800 resistance. Overall, gold maintains a bullish trajectory, aligned with channel strength and recent consolidation breakouts.
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
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.