Lingrid | GOLD Bullish Trend Extension OpportunityOANDA:XAUUSD remains in a strong bullish structure, holding above the confluence zone near 3,940 and respecting the upward trendline. Price action forms higher highs inside the ascending channel, suggesting continuation toward the 4,055–4,100 resistance zone in the mid-term. As long as 3,940 holds as support, the next leg toward the 4055 target remains valid. Broader trend momentum confirms sustained buying pressure aligned with the overall bullish trajectory.
⚠️ Risks:
A close below 3,940 could invalidate the bullish continuation setup.
Sudden shifts in U.S. economic data or Treasury yields may strengthen the dollar.
Market reaction to inflation-related announcements could trigger short-term volatility.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
