Gold Holding Strong Looks Like It’s Building Power Again

4 Jun

Price appears to be consolidating just above the breakout trendline, forming a new bullish base between 3350–3365 on the daily timeframe. This is a healthy sign ,it indicates that buyers are absorbing supply and not allowing price to fall back into the old range.

As long as this consolidation holds, the setup remains bullish, with upside potential still targeting 3445 and then ATH at 3500. If we get a decisive breakout above ATH, we might see a continuation rally. However, if a double top starts forming there, it will be time to book partial profits and wait for confirmation.

For Invalidation Level: I am Watching the 3380–3390 zone closely (Monday’s low). A strong move below this level could signal a failed breakout and invalidate the current bullish structure.

5 Jun

Catatan

going good