CFDs on Gold (US$ / OZ)
Long
Updated

XAUUSD – Support Hold & Trendline Breakout Setup

1 613
Gold is forming a bullish corrective structure after a strong rejection from weekly & monthly support, with price holding above the FVG and demand zone. As long as support remains intact, a break above the upper trendline and resistance can open the path toward the next upside target, while failure to hold support may lead to another retest of the demand area.

Bias stays bullish above support, confirmation required on clean resistance breakout with candle close.
Note
Price is respecting strong weekly & monthly support; bullish continuation expected if resistance breaks, otherwise consolidation may continue near the support zone.
Note
Price is holding above a strong support zone; a confirmed break above resistance can open the way for further upside, while rejection may lead to short-term consolidation.
Note

Price remains supported; wait for a confirmed breakout to validate bullish continuation.
Note

Support is holding; momentum will depend on the next resistance breakout or rejection.
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