GOLD POISEDFOR BULLISH AS PRICE HOLDS ABOVE KEY TRENDLINE SUPPOR

evvelsi gün

🧭 General Overview

Instrument: Gold Spot / USD (XAU/USD)

Timeframe: 30-minute

Current Price: 3,958.59

Trend: Overall bullish, but showing short-term correction


📊 Key Technical Elements on Chart

1. Bullish Trendline

The green upward trendline labeled “Bullish Trend” indicates that gold remains in a long-term uptrend.

Price is currently testing this bullish trendline — a crucial support area.


2. Resistance Zone

The resistance line near 3,992–4,000 marks the recent swing high where price was rejected.

Each approach to this zone triggered a pullback, indicating strong selling pressure ther

dün

İşlem aktif

Gis holding above 4000 support area continuation upward channel. The market structure shows uptrend momentum and phase the targets beyond 4007 0n strength.