CFDs on Gold (US$ / OZ) forum
Gold initially corrected before rising, eventually breaking through resistance at 3761 and reaching above 3780, closing at 3758. This trend is consistent with expectations, as evidenced by historical analysis.
In the short term, although 3780 triggered a pullback, support around 3720 is strong, suggesting a long position between 3730 and 3740 next week. We anticipate further testing of 3790 and its all-time high.
If the trend sustains, price may continue to test higher resistance areas such as 3762 – 3765, and possibly even extend towards 3770 – 3775 levels.
In case this Bullish momentum weakens, a move below the 3754 support area could indicate a shift in market direction.
This analysis is shared only for educational and research purposes. It does not represent any financial advice or trade signal.
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📊 XAU/USD – week Closing Near 3760 ⚡
Gold is closing the day around 3760, with the 3750 zone acting as a very important decision level.
If bullish momentum holds above this zone, buyers could look for continuation toward new highs.
If momentum fades, sellers may use this area as a rejection point to push the market lower.
The next sessions will decide whether 3750 becomes support or resistance.
⚠️ Disclaimer: This analysis is for educational purposes only. It is not financial advice. Please do your own research before trading.