Lingrid | GOLD Price Correction and Bullish Trend Continuation

[AIcash]

XAUUSD has surged to test the resistance zone above 3,500 after strong bullish momentum carried price through the wedge breakout. The structure is defined by an upward channel, with the latest higher low aligning with trend continuation. As long as price holds above 3,490, the bullish bias remains intact, targeting the 3,600–3,620 zone. The broader pattern favors trend extension unless a deep pullback invalidates momentum.

Key Levels

Buy trigger: Hold above 3,490 resistance
Buy zone: 3,490–3,500 support retest region
Target: 3,590–3,600 resistance
Invalidation: Breakdown below 3,490

Risks

Strong rejection from resistance zone near 3,550 leading to corrective retracement.
Unexpected USD strength from macroeconomic releases weighing on gold.
Bond yield spikes undermining safe-haven demand for gold.


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