GOLD - Price may bounce up to $3375 level from support line

7月17日

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Initially, the price action was confined within a descending channel before a decisive bullish breakout occurred.

This first breakout triggered a strong upward impulse, setting the stage for the current market structure.

The price is now consolidating in a wide flat range, bounded by support near the $3285 level and resistance at $3375.

An ascending support line is providing dynamic support within this consolidation pattern, indicating underlying buying pressure.

I expect a brief retest of this support line, which should act as a launchpad for the price to move higher.

The primary target for this long setup is the $3375 resistance level, marking the top of the current flat range.

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7 天前

交易進行

Good! Price almost reach my target!

6 天前

交易結束：目標達成

I expect that price will reach my target (which coincides with the resistance level) on Monday.