Gold Price Analysis: Bulls Eye 3,410 and 3,436 USD Targets
Muhammad Faraz 
Gold Price Analysis Bulls Eye 3,410 and 3,436 USD Targets
Gold (XAU/USD) continues to build on its bullish momentum as prices consolidate above key support zones. Strong buying activity and positive technical signals suggest the metal is poised for further upside. Based on the current structure, the next bullish targets are 3,410 USD and 3,436 USD.
Current Market Structure
Gold has been trading within a well-established upward trajectory, holding gains after recovering from recent lows. The chart highlights:
- Strong Support Zone: A solid demand base exists between 3,340 and 3,360, where buyers consistently enter the market.
- Rising Momentum: Price has maintained higher lows and higher highs, confirming bullish sentiment.
- Volume Trends: Increasing buy-side volume suggests accumulation, supporting the case for continued upward movement.
Technical Outlook
- Overall Trend: The market structure is bullish, supported by trendline strength and robust demand zones.
- Key Levels to Watch:
- Immediate Support: 3,360–3,380 remains the key zone where buyers defend positions.
- First Target – 3,410: A near-term resistance level that aligns with projected bullish continuation.
- Second Target – 3,436: A higher resistance zone and extended bullish objective.
- Breakout Potential: Sustaining momentum above 3,400 could confirm a breakout rally toward 3,436.
Fundamental Context
Gold’s bullish outlook is also supported by broader macroeconomic and fundamental drivers:
- Fed Policy Outlook: Expectations of rate cuts or dovish signals from the Federal Reserve often favor gold as a non-yielding asset.
- Safe-Haven Demand: Global economic uncertainties, geopolitical risks, and equity market volatility continue to fuel gold demand.
- Weaker Dollar Influence: Any weakness in the U.S. dollar adds strength to gold’s bullish case, making it more attractive for international buyers.
Together, these factors align with the technical bullish setup, reinforcing gold’s upward potential.
Price Prediction: 3,410 → 3,436 USD
Based on both technical analysis and fundamental alignment, gold prices are expected to advance toward 3,410 USD in the near term. If bullish momentum persists, the rally could extend to the next major target at 3,436 USD.
The strong support zone near 3,360 provides a safety net for bulls, keeping the overall outlook positive as long as the price holds above this level.
Risk Considerations
- Break Below Support: A decisive drop under 3,360 could weaken the bullish case and open the door to 3,320.
- Fed Surprises: Hawkish policy announcements or stronger-than-expected U.S. economic data could reduce gold’s appeal.
- Volatility Events: Shifts in geopolitical conditions or sudden market corrections may amplify price swings.
Conclusion
Gold remains firmly in bullish territory, with technicals and fundamentals aligning for further gains. The immediate upside targets are 3,410 USD and 3,436 USD, provided the price continues to hold above the strong support zone around 3,360.
This bullish outlook highlights gold’s role as a favored asset in times of uncertainty, with traders likely to maintain a buy-the-dip strategy while monitoring resistance levels ahead.
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