“Gold Technical Breakout – Time to Ride the Bullish Wave?”

GOLD (XAUUSD) – BREAKOUT FROM DESCENDING TRENDLINE

Gold has recently broken out of a multi-week descending trendline, with price now trading above former resistance and forming higher highs. The breakout appears technically strong, supported by previous support holding at the 3258 level.

We’ve also seen a successful retest of the broken trendline, which has now turned into support — a classic bullish continuation signal. If this structure holds, potential targets are set at TP1 and TP2 zones.

Key levels to watch:

📈 Support: ~3258

🎯 TP1: Near-term resistance zone

🎯 TP2: Next major resistance area

🛑 SL idea (educational): Below the retest low

⚠️ This post is for educational and technical analysis purposes only. It is not financial advice. Always do your own research and manage your risk.