Gold Ends Month on a High Note with Key Breakouts

Gold finished the month on a very optimistic note, reversing 1000 pips from the recent low. More importantly, the month-end brought three significant breaks for bulls:

1. A break above the 2390 confluence resistance.
2. A break above the 2400 psychological level.
3. A break above last week’s high of 2430.

With this positive momentum, further gains and a test of the 2500 level are expected soon.

Technical Outlook and Strategy:

From a technical standpoint, the recently broken resistance levels should now act as support.
In this zone, I will look for buying opportunities.
The initial target could be the last all-time high (ATH), but if the price continues rising toward that zone, I believe it will break above it.
Consequently, bulls are likely to push the price above 2500 to test new highs.

Overall, the current market sentiment and technicals suggest a strong bullish trend for Gold, making it an attractive prospect for traders looking for buying opportunities.

노트

XauUsd is maintaining is optimistic move and reversed almost all losses from the day, exactly from technical support.
Seems to be another good day to be bullish