The price perfectly fulfilled my previous idea. 
XAUUSD continues to show strong bullish structure after breaking out of the consolidation zone and retesting support. Price action is riding the upward channel with higher highs and a clean A-B-C movement confirming the trend continuation. As long as buyers defend the 3,850 zone, the next objective lies toward 3,950 inside the resistance zone. The overall momentum favors trend extension with potential new highs if the breakout sustains.
⚠️ Risks:
XAUUSD continues to show strong bullish structure after breaking out of the consolidation zone and retesting support. Price action is riding the upward channel with higher highs and a clean A-B-C movement confirming the trend continuation. As long as buyers defend the 3,850 zone, the next objective lies toward 3,950 inside the resistance zone. The overall momentum favors trend extension with potential new highs if the breakout sustains.⚠️ Risks:
- Failure to hold above 3,850 could trigger a pullback toward 3,800.
- Unexpected USD strength from macro data may cap gold’s upside.
- A reversal signal within the resistance zone could limit the bullish breakout.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Сделка активна
XAUUSD continues to move inside an upward channel, holding above the key 3,850 support zone after its recent ATH rejection. Price action shows a sequence of higher lows supported by the trendline, keeping bullish momentum intact. A rebound from the current confluence area could trigger a push toward the 3,930 resistance zone. As long as 3,800 remains unbroken, the broader structure favors continuation to the upside.
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
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t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
🔥 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
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.