HelenP. I Gold can correct to trend line and continue to grow

Hi folks today I'm prepared for you Gold analytics. After the recent drop and partial gap-fill, the price seems to be forming a solid foundation for a potential continuation to the upside. The price previously rebounded from the lower levels near 2955 and established a strong bullish trend, respecting the ascending trend line multiple times. Each touch acted as a signal for buyers to step in, pushing the price toward higher zones. Eventually, the market broke through a major resistance area, which has now turned into a support zone between 3265 and 3295 points. This area is also reinforced by the trend line, which has been tested again recently. Importantly, the price left a gap during the impulsive move up, and after the correction, the gap was filled, and buyers immediately reacted. Now, Gold is trading slightly above the support zone, showing a clear bounce from both the trend line and horizontal structure. This confluence increases the probability of further bullish momentum. Given the price behavior, market structure, and technical context, I expect that XAUUSD will continue rising toward the 3425 points, that’s why it is my current goal. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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FirstNameHelen

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