Happy Friday! Today, we present the XAUUSD technical analysis and trading signals for you. Let’s dive into the analysis without further delay.
🥇 Gold Price Forecast: Is XAUUSD Preparing for Bullish Breakout?
Gold traders, keep a close watch! The current gold price forecast suggests a potential bullish breakout may be underway, and now could be a critical moment to prepare.
XAUUSD has recently broken out of its descending channel pattern, a move that often signals the end of a short-term bearish trend. What’s more interesting is that after this breakout, the price has retested the global trendline — a key technical confirmation that often precedes the next leg of upward momentum.
Notably, gold is now trading above the MA200, a major moving average widely used by institutional and retail traders to determine long-term trends. Trading above this line is generally interpreted as a sign of bullish strength returning to the market.
But that’s not all — there’s also a clear imbalance (or Fair Value Gap) above the current price zone. Imbalances act as magnets for price, and often the market tends to “fill” these inefficiencies. This creates further confluence for upside movement in the coming sessions.
📊 Gold Trade Setup
Based on this technical scenario, here’s the current trading plan:
🔼 Buy Gold (XAUUSD) if price consolidates above 3350
🎯 Target 1: 3370
🎯 Target 2: 3375
A confirmed break and hold above the 3350 level can trigger strong bullish momentum, especially with buyers entering on confirmation candles and breakout retests. As long as the price remains above MA200 and respects the newly formed structure, the bullish gold price forecast remains valid.
🧠Gold Price Forecast: Final Thoughts
This setup combines key technical elements:
- Breakout of descending channel
- Retest of long-term trendline
- Price action above MA200
- Presence of an imbalance zone above
Altogether, these suggest a shift in sentiment and structure in favor of buyers.
📈 If you’re looking for a profitable gold trading strategy, this type of multi-confluence setup provides higher probability entries with clearer risk management.
💬 What do you think about this gold price forecast? Are you waiting for a confirmed breakout or already positioned long?
👇 Drop your thoughts or charts in the comments below!
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