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Gold Spot / U.S. Dollar
Long
Updated

Gold Holds Above Key Support – Eyes Still on 3400 (READ CAPTION)

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By examining the gold chart on the 4-hour timeframe, we can see that the price successfully hit the $3367 target exactly as expected, and then corrected back to $3346. Currently, gold is trading around $3358, and if it can hold above $3350, we can expect further upside. Based on the previous analysis, the next bullish targets remain at $3367, $3380, $3391, and $3400. (Maximum support is always appreciated, my friends!)
Trade active
The recent price action on gold confirms the importance of the $3367 level as a near-term resistance. The rejection and quick retracement to $3346 signals that profit-taking or short-term sellers are active around that zone. However, the fact that gold is currently holding above the $3350 support level is a bullish sign.

If we continue to see strong candle closures above $3350 on lower timeframes (1H–4H), it could serve as a launchpad toward the next resistance zones. Keep in mind that the momentum is still intact as long as $3340–$3350 holds.

Technical Bias: Bullish (above $3350)
Invalidation Level: A confirmed break below $3340 would weaken the current bullish outlook.
Watch closely: Price reaction near $3380–$3391 will be crucial for the $3400 breakout.
Trade closed: target reached
✅ GOLD hit the $3367 target 🎯
✅ GOLD hit the $3380 target 🎯
✅ GOLD hit the $3391 target 🎯
✅ GOLD hit the $3400 target 🎯

All Targets Reached ✅

snapshot
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Chart PatternsGoldgoldanalysisgoldlonggoldpredictiongoldpricegoldsellgoldsignalsTechnical IndicatorsTrend AnalysisXAUUSDxauusdanalysis
ArmanShabanTrading
⚜️ Free Telegram Channel : t.me/PriceAction_ICT

⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946

⚜️ Contact Me : t.me/ArmanShabanTrading

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.