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J.J. Edwards’ Expert Market Analysis at FenzoFx

Gold Holds Ground as Bulls Eye $3,410 Volume Zone​

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FenzoFx—Gold built support at $3,337.2 in today's trading session. However, the uptrend is capped, and the price remained below the Bearish Fair Value Gap.

From a technical standpoint, XAU/USD outlook remains bullish above $3,337.2. In this scenario, the target is likely to be the next high volume area, which stands tall at $3,410.0.

Please note that the bullish outlook should be invalidated if Gold closes and stabilizes below the $3,337.2 support.
 
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