GOLD has made a strong move out of its recent range breaking above key resistance levels and showing clear signs of bullish momentum. After bouncing off the 3200 support area buyers stepped in with power pushing price up sharplyHere’s what I’m watching
Strong Breakout Price smashed through the consolidation zone and is now holding above 3350
Key Levels Immediate resistance sits around 3386 and 3410 If we break above the next big target is near 3464
Pullback Opportunity
A retest of the 3353–3386 area could offer a great buy-the-dip setup before a potential continuation to the upside.
As long as price stays above 3320 the bulls are in control. But if we fall back below, we might revisit the 3268 zone
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Best Regards TrendLinford!
Trade active
Trade closed: target reached
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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.