XAU/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
XAU/USD (Gold) chart highlights a strong bullish reversal following a multi-month downtrend, marked by a clean break above a major descending trendline and a confirmed double-bottom base around 4,000–4,040. The price is currently testing immediate horizontal resistance near 4,380, backed by rising bullish momentum as the MACD indicator trends strongly toward the zero-line with expanding green histogram bars.



A decisive daily close above 4,380 would validate further upside toward the key 4,680–4,700 supply zone, whereas a rejection here could prompt a brief pullback to retest the broken trendline support around 4,200.

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