Gold Breaks Trendline – Bulls Back in Control!

gestern

Hello Everyone let's analyse Gold as it has broken above its falling trendline resistance, signaling a possible shift from short-term weakness to bullish momentum. After several attempts, the price finally managed to close above the trendline with increasing volume, showing that buyers are stepping in again.

Currently, Gold is retesting the previous resistance turned support zone around $4200–$4205. As long as price holds above this level, the structure remains positive, and the next upside targets could be seen toward $4260–$4270.

Short-term traders can look for confirmation candles near support before entering. A clean retest followed by bullish continuation can offer a good risk–reward setup. On the other hand, if the price breaks back below $4190, momentum could slow down again.


Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.

Analysis By TraderRahulPal | More analysis & educational content on my profile.
If you found this helpful, don’t forget to like and follow for regular updates.

gestern

Trade geschlossen: Stop wurde erreicht