Gold: Extremely Strong Bullish Structure — Follow the Trend
Gold: Extremely Strong Bullish Structure — Follow the Trend
Given the current extremely strong bullish structure, the only strategy right now is to follow the trend. The Non-Farm Payroll (#NFP) data points to further upside for gold, with the $4380-$4400 range now in sight as the next target.
The bullish outlook for gold remains unchanged, and a bull market continues to look like it's on the horizon.
Key Levels:
🔴 Upside Target: 4380 – 4400
🔵 Short-term Support: 4320 – 4330
📈 Bias: Strongly bullish — trend-following only
Analysis:
With structure this strong, fighting the trend isn't the priority — following it is. The 4320-4330 zone is the short-term support to keep watching; pullbacks into this area can be used to add to longs and further build on profits rather than as a reason to turn cautious. As long as this support holds, the path stays open toward the 4380-4400 target.
⚠️ Not financial advice. Educational purposes only. Always use proper risk management before entering any trade.