XAUUSD Bullish Push Targeting 3390 after bounce from 3340 zone.

🟢 Chart Type: 30-minute (Intraday View)

Pair: CFDs on Gold (XAU/USD)

Current Price: 3,355.030


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🧠 Technical Analysis Overview:

1. Trade Entry Zone (Support Area):

📍 Around 3,340 - 3,345

Marked in red, this zone acted as a key demand/support level.

Price bounced strongly from here multiple times, confirming strong buyer interest.


2. Bullish Reversal & Breakout:

Price broke back above the previous resistance near 3,350-3,355, turning it into support.

This breakout confirms a bullish reversal, pushing toward higher levels.


3. Current Movement:

Gold is consolidating after the breakout but maintaining a bullish structure of higher lows.

Momentum is building for another push up.


4. Target Zones (Resistance Levels):

🟦 First Resistance: 3,366.238
🟦 Second Resistance: 3,378.113
🎯 Final Target: 3,390 – Major resistance and previous high.

These are areas where you might see partial profit-taking or pullbacks.


5. Volume/News Note:

Multiple US news icons on July 15–16 suggest upcoming volatility; monitor economic events for impact.



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✅ Conclusion:

> Gold is in a bullish setup, holding above the trade entry zone. As long as price remains above 3,340, bulls are in control. Key upside targets are 3,366, 3,378, and 3,390. A break below 3,340 would invalidate this short-term bullish bias.