XAUUSD Explodes Past 3315 – Is Gold Headed to 3490 or Just Showing Off?

As I mentioned (loudly and clearly) in my previous article, I was waiting for a high-volume breakout above the 3311–3315 zone to flip bullish. And guess what? Gold didn’t just tiptoe over it — it smashed through that level like a caffeine-fueled sumo wrestler and gave us a daily close at 3381.

So what caused this madness?

Well, today’s price action was basically a rocket launch — likely sparked by the ongoing war drama between Russia and Ukraine. Yep, because nothing says “safe haven” like a shiny metal when the world’s on fire.

Now What?

We’re in wartime vibes, so probability leans bullish, but hey — markets have a mind of their own, and sometimes they like to prank us.

If Gold decides to pull a surprise U-turn and head down, watch the 3331–3324 zone like a hawk — that’s your next premium hunting ground for long setups. I’m also eyeing buying interest at 3350 and 3366. Basically, it’s like a shopping mall for buyers out there.

But hold on — don’t get too greedy. There are supply zones waiting to ruin the party:

  • 🟥 3415 Supply Zone
  • 🟥 3435 Supply Zone

If Gold bulldozes through these zones too, then my fibs tell me the trend completion target is around 3490.

And what happens after that? Well… if Gold breaks above 3500, that’s between Gold and God. I’ll cross that golden bridge when I get there.

The Bearish Plot Twist (a.k.a. The “Probably Not Happening But Still Possible” Scenario):

Sure, it looks like a bullish party now, but if the market turns into a moody teenager and breaks below 3331, then I’ll start looking at bearish setups.
However, the real action starts only if 3299 breaks — until then, bears can stay in hibernation.

Final Thoughts?

Gold is on steroids right now thanks to geopolitical fireworks. But no matter how shiny the chart looks, don’t fall asleep at the wheel. And remember:

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One response to “XAUUSD Explodes Past 3315 – Is Gold Headed to 3490 or Just Showing Off?”

  1. […] close to our VIP level at 3331. Remember that zone we marked as “very important” in the last episode? Yeah, that one. Turns out, buyers were hiding in the bushes around 3333 and jumped in like it was […]

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