GOLD Potential Bullish Extension Following Pullback

[tradelikepro]

XAUUSD is rebounding strongly from the support zone after a deep correction from the previous top near 3,437. The price has broken back above the range and formed a new impulse leg, now hovering just above the upward trendline. As long as the structure holds above 3,330, further continuation toward the 3,410–3,437 resistance zone remains likely. The projected wave path shows a bullish scenario targeting a retest of the top trendline.

Key Levels

Buy trigger: Above 3,360
Buy zone: 3,330–3,340
Target: 3,410
Invalidation: Below 3,320

Risks

Rejection from 3,360 trendline may lead to retracement
Failure to hold above 3,330 support could shift bias bearish
Upcoming macroeconomic data might increase volatility


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

[jacson4]

Gold’s recent pullback looks textbook — respecting prior structure while cooling off overbought conditions. If support holds around the 1940–1960 zone and momentum starts to build, we could see a bullish extension toward 2000+ levels.
RSI is resetting, MACD looks ready to flip again, and with macro uncertainty still in play, gold’s safe-haven narrative isn’t going anywhere.Key for confirmation: A strong daily close above 1980 with volume. That would likely trigger the next leg up. Until then, smart traders are watching closely — not chasing.

[Nahid10]

🟡 Gold still has room to run, especially after this healthy pullback. In a world of rate cut debates, inflation worries, and fiat fear, gold continues to look like the adult in the room.
The recent dip could just be a retest of previous breakout zones. If bulls step back in and break above near-term resistance, we may see a strong continuation move. Especially if geopolitical or economic tensions flare up again.It’s less about hype and more about historical behavior — gold thrives in uncertain times, and 2024–2025 has plenty of that ahead.