Based on my chart, the two marked resistance zones (target points) for XAU/USD are:
First target: around 3,375 – 3,380 (short-term resistance inside the Ichimoku cloud area).
Second target: around 3,395 – 3,405 (previous swing high and top of the channel).
Since price is trending upward along the ascending trendline and just broke into the Ichimoku cloud, the first target is more conservative, while the second is for a stronger bullish push if momentum continues.
First target: around 3,375 – 3,380 (short-term resistance inside the Ichimoku cloud area).
Second target: around 3,395 – 3,405 (previous swing high and top of the channel).
Since price is trending upward along the ascending trendline and just broke into the Ichimoku cloud, the first target is more conservative, while the second is for a stronger bullish push if momentum continues.
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