XAUUSD: Consolidating the bullish momentum
Hi everyone, it’s Ken!
At this moment, gold is shining with strong appeal. The market is moving within a steep channel, and price action continues to respect its structure, forming higher highs without showing weakness.
Not long ago, gold broke a key resistance level and might come back to retest it. Interestingly, this area also aligns with the “golden zone” from the last breakout. If buyers defend it well, the bullish outlook remains valid, with the next target aiming toward 3,660 – the channel’s peak.
As long as price stays above the support and the rising trendline, the uptrend remains intact. However, if it slips below, chances of a deeper pullback will rise.
Stay patient, wait for confirmation before entering, and always protect your capital with proper risk management.
Wishing you success!
source https://www.tradingview.com/chart/XAUUSD/GXTeVfXp-XAUUSD-Consolidating-the-bullish-momentum/
source https://www.cryptomadden.com/2025/09/xauusd-consolidating-bullish-momentum.html
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