Lingrid | GOLD trend Continuation Targets April High Retest

Jun 5

XAUUSD has reclaimed the 3,350 level following a successful retest of the upward trendline, sustaining a bullish channel structure. After multiple breakouts and a clean consolidation above previous resistance, price is setting up for a potential move toward the 3,500 mark. A pullback and bounce near 3,330 would reinforce this bullish continuation scenario.

📈 Key Levels

• Buy zone: 3,338–3,345
  
• Buy trigger: strong bullish candle above 3,365
  
• Target: 3,500
  
• Sell trigger: break below 3,338 with volume
  

💡 Risks

• Rejection near 3,365 could delay breakout
  
• Breakdown below 3,338 weakens bullish trend
  
• Consolidation flattening may reduce momentum burst potential
  

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Jun 6

Trade active

XAUUSD continues to hold the structure of its upward channel, rebounding off the lower boundary and maintaining momentum within the consolidation zone. Price action remains compressed between the 3,330 and 3,400 levels, with a potential breakout looming. A sustained bounce from the SWAP zone could push the metal back toward the 3,400–3,450 resistance band.