FX.co ★ Laeeq_ahmad | XAU/USD, GOLD

Gold is currently in a strong bullish phase, trading at 3325—well above its previously established support and resistance levels. Key support now lies at 3286 and 3260, while former resistance levels at 3244 and 3271 have been decisively broken and flipped into support, confirming upward strength. The Alligator Indicator reinforces this bullish momentum. With the Lips (green), Teeth (red), and Jaw (blue) lines aligned upward and widely separated, the indicator shows that the market is trending strongly. When the Alligator’s "mouth" is open like this, it suggests that buyers have firm control and the uptrend is active. A key technical event was the breakout above 3271, which triggered additional buying interest and pushed prices toward 3325. If prices dip slightly, traders should watch for strong buying interest near the new support zones at 3271 and 3286. These areas are expected to act as solid buffers in the event of a short-term pullback. Looking ahead, the next potential resistance targets are at 3350 and 3380—levels where sellers might attempt to regain control. However, unless the Alligator lines begin to converge or cross, the bullish momentum is likely to persist. Any sign of tightening or overlapping lines would signal possible consolidation or a trend slowdown. In summary, gold’s technical outlook remains clearly bullish. As long as the Alligator lines remain upward and wide, holding long positions is favorable. Traders should manage risk wisely, placing stop-losses below support zones and aiming for profits near the 3350–3380 range. The trend remains strong—for now.