Skip to main content

Gold Price Analysis: Breakout Above 3,367 — Eyes on 3,430

Gold has shown strong bullish momentum, breaking above the key resistance level of 3,367 and currently trading around 3,382. 

Image Source Pexel.com

This breakout indicates renewed buying interest and could signal further upside potential in the short term.

Technical Indicators:

  • RSI (Relative Strength Index): Currently at 61, suggesting there’s still room for further upward movement before entering overbought territory.

  • MACD (Moving Average Convergence Divergence): The signal remains positive, supporting the ongoing bullish trend.

What’s Next?
If Gold manages to break above the 3,400 level, it could retest the 3,430 resistance zone. Traders should keep an eye on price action around this level for confirmation of continued bullish strength or signs of a potential pullback.

Join My Telegram Channel!

Get daily free signals and stay ahead in the market:

🔹️Commodity Signals

🔹️Crypto Signals

🔹️Forex Signals

🔹️Market Insights & Analysis

Link👇

https://t.me/bwtinternational

Comments

Post a Comment

Popular post

Why Is Bitcoin Going Up? BTC Hits $97K After Buy Signal

Bitcoin (BTC) is going up, reaching $97,000 on January 14, 2025. It dropped below $90,000 on Monday, which worried some people. The price is rising because of a strong buy signal at $92,000. Experts think Bitcoin could reach $103,000 or even its highest price of $108,000 soon. Could Bitcoin reach $1 million? Some say it’s possible, but others think it will stay lower in 2025. 
Post a Comment
Read more

Ethereum Heading Towards $4,000:

Big Potential Ahead! Ethereum is close to hitting $4,000, following a strong rising trend. Experts believe that if ETH breaks its past high of $4,500, it could reach $5,000–$5,500 in the next bull run. Some even predict ETH could hit $6,000–$7,000 if it continues to rise. Hold tight—big gains could be coming!
Post a Comment
Read more

🚀 XRP Price Update – Is a Breakout Coming?

XRP is trading at $2.81, up 1.89% in the last 24 hours.  With strong resistance at $3.00,  a breakout could push XRP toward $3.20 or its ATH $3.38+! Key levels to watch: 🔹 Resistance : $3.00 - $3.20 (Break = 🚀) 🔹 Support : $2.50 - $2.20 (Pullback zone) 🔹 Sentiment : Bullish, but Fear & Greed Index at 50 (Neutral) A breakout above resistance will confirm further upside momentum.
Post a Comment
Read more