Gold (XAU/USD) broke above the $3,335 resistance on Friday and is now trading comfortably above the 100-SMA on H4, confirming strong short-term bullish momentum.
📊 Oscillators show upward traction
RSI and MACD are both pointing north – indicating dip-buyers are stepping in on every minor retracement.
🔍 Key Zones
✅ Support to watch:
🔸 $3,340–$3,338 (100-SMA zone)
🔸 $3,322–$3,320 (buy zone)
🔸 $3,300 (trend pivot – breakdown invalidates bulls)
🚀 Upside targets:
🔹 $3,370 (session peak)
🔹 $3,400 (round number target)
🔹 $3,434–$3,435 (resistance zone)
🔹 $3,500 (all-time high)
📈 As long as price stays above $3,335–$3,340, momentum favors scalpers and intraday bulls aiming for higher highs.
⚠️ Break below $3,300 could flip short-term bias bearish.
This is general educational content — not financial advice. Always trade with proper risk management.
