GOLD Potential A-B-C Movement in Progress

[bonk]

XAUUSD bounced strongly from the ascending trendline and reclaimed key structure near 3,275, signaling strength after rejecting the prior downward channel. Price has broken above the descending trendline and is now testing the 3,329 resistance zone with bullish momentum. If buyers maintain control above this breakout area, a push toward the 3,400 level becomes increasingly likely. The structure supports a continuation of the bullish leg unless price drops back under 3,275.

Key Levels

Buy trigger: breakout and retest hold above 3,329.3
Buy zone: 3,300–3,329 (breakout + structure support)
Target: 3,400 first, extended toward 3,500
Invalidation: sharp drop below 3,275 negates bullish setup

Risks

False breakout above 3,329 could invite short-term pullback
Rejection at 3,400 may lead to consolidation below resistance
Macro shocks (Fed, CPI) could reverse sentiment abruptly


If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

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