In our earlier article, “XAUUSD Outlook: Geopolitical Tensions and BTCUSD Indications Point Toward 3,400 and Beyond,” we outlined a bullish setup in gold, projecting potential toward the 3,400+ region. Since then, price action has respected key levels — and we now see renewed interest developing around 3,250.

The current structure offers a strategic opportunity for traders monitoring bullish continuation setups.

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🔄 Key Updates Since the Initial Thesis

▶️ Sideways Consolidation at Highs
After stalling near 3,445 resistance, XAUUSD entered a tight, controlled range between 3,300–3,370. This price action indicates consolidation, not rejection — suggesting continued accumulation rather than distribution.

▶️ Resilient Support Around 3,250–3,270
Multiple dips toward this zone have been absorbed with no meaningful breakdown. Buyers continue to step in, confirming this area as a strong support base.

▶️ Momentum Rebounds on Every Dip
Each decline toward support has been met with rising momentum — another signal that bulls are reloading positions, not exiting.

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📊 Technical Structure: Coiling for a Breakout?

Gold continues to form higher lows since April. The current consolidation range is forming a potential base for breakout continuation:

• Support: 3,250–3,270
• Resistance: 3,445
• Short-term upside: 3,520
• Medium-term extension: 3,600+

The bullish structure remains valid while the price holds above 3,250.

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🎯 Strategic View

We see the 3,250–3,270 area as a tactical zone for bullish positioning, offering an attractive risk-reward ratio for traders favoring continuation patterns.

Rather than chasing highs, our strategy is to engage around support, manage risk tightly, and carry trades through any potential breakout above 3,445.

“We prefer to build positions near 3,250 and hold toward the breakout structure.”

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⚠️ What We’re Monitoring

• Tight volatility coil — often precedes impulse breakouts
• Intraday pullbacks into support — reloading zones for trend followers
• Price behavior near 3,445 — clean breakout vs. rejection to gauge timing

The structure remains bullish, with breakout bias intact unless 3,250 is compromised.

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🔗 Revisit the Original Thesis
👉 Read: XAUUSD Outlook: Geopolitical Tensions and BTCUSD Indications Point Toward 3,400 and Beyond

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