Gold price (XAUUSD) is currently trading at $3,430, and all signs point to an explosive bullish rally starting Monday. This gold price analysis suggests that the market is gearing up for a massive breakout, with price targets at $3,500 and $3,600.
This XAUUSD forecast is backed by both fundamental and technical analysis. Here’s what’s fueling the rocket:
- Geopolitical tensions in the Middle East continue to rise, increasing demand for safe-haven assets like gold.
- The US Dollar Index (DXY) has been steadily weakening due to recent poor economic data, boosting the gold price forecast higher.
- A strong bullish technical pattern confirms momentum on the charts.
Traders looking for gold signals and XAUUSD entry points should be watching the support zone around $3,410. Gold tested this area before the weekly close but bounced and closed strong at $3,430, holding key structure.
From a technical perspective, gold price closed the week above the key support zone at $3,400, invalidating a potential breakdown. This move suggests bullish continuation and a likely breakout next week toward $3,600.
If XAUUSD breaks above $3,500, momentum could accelerate fast. The market structure remains bullish on the 4H and daily charts, showing a clean rejection of support and confirmation of higher lows — classic signs of a strong uptrend in gold.
- First Target: $3,500
- Second Target: $3,600
These targets are valid as long as XAUUSD trades above the $3,400 support level.
Everything is aligning for a massive move in gold (XAUUSD) starting Monday. Both technicals and fundamentals support the bullish case. Don’t miss this opportunity — $3,600 is within reach if the momentum holds.
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