GOLD Anticipating a Trend Continuation Amid Pullback

[johnblockbuster]

XAUUSD is pulling back within the upward channel after topping near the 3,410 resistance zone. Price is currently holding above 3,330 support and aligning with the channel base, signaling potential for a bullish rebound. A push above 3,350 could open the way toward 3,385, while a drop under 3,315 risks deeper correction.

Key Levels

Buy trigger: Break above 3,350
Buy zone: 3,328–3,350
Target: 3,385
Invalidation: Close below 3,320

Risks

Failure to hold upward channel support
Strengthening USD pressuring gold
Sudden macroeconomic news impacting safe-haven demand


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

XAUUSD is rebounding from the 3,330 support level after holding the upward trendline and defending the recent corrective move. Price is currently coiling within a wedge formation just under the descending resistance line. As long as 3,330 holds, buyers could aim for the 3,400 zone. Overall momentum favors a bullish continuation toward the upper resistance structure.
snapshot

[jacson4]

Nice chart breakdown! I’m seeing the same confluence around 3,330 as you mentioned — channel base + prior support + psychological level. The coiling wedge you noted is interesting, because if we break 3,350 with decent volume, that could trigger a short squeeze and accelerate the move toward 3,385–3,400. Also, RSI on the 4H is curling up from mid-levels, suggesting buyers are reloading rather than exiting. The only thing I’m watching closely is DXY — if USD momentum spikes, we might get a false breakout before the real push.

[Nahid10]

Agree with the bullish bias here, especially since gold has been holding up despite the recent uptick in bond yields. With CPI data coming up later this week, we could see a volatility burst that either confirms the bullish continuation or forces a retest of the 3,315–3,320 zone. Personally, I’ll wait for a clean break and 4H close above 3,350 before committing. One thing’s for sure — gold’s safe-haven appeal is still strong, and dips are being bought aggressively in this structure.

[Maxwell]

3,330 holding strong — price action looks constructive for a wedge breakout. A clean push above 3,350 should clear the path toward 3,385 and maybe even 3,400

[rafihasan]

Channel support is intact, but a close under 3,320 would change the picture quickly. USD moves and macro news will be key catalysts here

[Nahiar806]

Coiling price just under resistance usually means pressure is building. If buyers step in above 3,350, momentum could accelerate fast toward the upper channel

[Nahiar806]

Coiling price just under resistance usually means pressure is building. If buyers step in above 3,350, momentum could accelerate fast toward the upper channel

[Nahiar806]

$1,489/month to run an op tied to a $680K hack? That ROI is exactly why DPRK keeps trying — and why Web3 needs better cross-platform intel sharing to stop them early.