XAU/USD: Gold Regains Strength After Pullback – New Highs Ahead?

By analyzing the gold chart on the 2-hour timeframe, we can see that yesterday, as expected, gold surged above $3400, reaching as high as $3439 before facing strong selling pressure, dropping sharply to $3359.

Currently, gold is trading around $3385, and if the price can hold above $3366, we may expect further bullish momentum. I believe gold is setting up for another move above $3400, potentially aiming to break into new highs once again.

THE LATEST ANALYSIS :

XAU/USD: Gold Eyes $3400+ After Explosive Surge! (READ CAPTION)

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交易進行

Analyzing the gold chart on the 2-hour timeframe, we observe that after stabilizing above $3366 yesterday, the price managed to rally up to $3414, partially filling the FVG marked on the chart. Following that, gold experienced another drop from $3414 to $3319. Upon reaching the demand zone identified on the chart, it encountered fresh buying interest and is currently trading around the $3350 level. If the price manages to hold above this demand zone, I expect further upside movement. The next potential bullish targets are $3355, $3373, and $3395. So far, this analysis has yielded a return of over 1400 pips. (Will be updated)

交易結束：目標達成

By analyzing the gold chart on the 2-hour timeframe, we can see that the price started rising yesterday just as expected, hitting the first target at $3355 and nearly reaching the second target around $3370 before entering another corrective phase.
This analysis has yielded nearly 200 pips so far. Considering the price pulled back to $3274 and then climbed again to $3340, I believe that if gold stabilizes below $3340, we might see further downside.
The first potential bearish target lies in the $3312–$3316 zone.
I hope you’ve made the most out of every single opportunity this week. Wishing you all continued success!
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