Gold Surpasses \$3366 Mark, Eyes \$3435 Resistance Next

Gold Surpasses \$3366 Mark, Eyes \$3435 Resistance Next

XAU/USD maintains upward momentum as bullish pressure builds

Gold prices have surged past the key psychological and technical level of *\$3366.02, indicating renewed bullish strength in the commodity. This breakout has shifted short-term market sentiment in favor of buyers, setting the stage for a potential test of the **next resistance at \$3435.06*.

Following several sessions of consolidation, the price of XAU/USD has shown decisive upward movement. Traders and investors are interpreting this break above \$3366.02 as a strong signal that demand for gold is rising in response to ongoing macroeconomic uncertainties.

Technical Overview

The clean breach of the \$3366 level confirms a breakout pattern that had been forming over the past week. Technical indicators such as RSI and MACD are now showing bullish signals, with no immediate signs of overbought conditions. Should the current momentum continue, the price is likely to climb toward *\$3435.06*, where historical resistance lies.

Price action suggests a shift in control from sellers to buyers, with higher lows forming on the daily chart—a classic signal of upward trend continuation. If gold sustains its position above the \$3366 zone, this could act as a new support base for the next leg up.

Market Sentiment and Macro Drivers

Gold’s strength is being fueled by several fundamental tailwinds. Global investors are increasingly seeking safety as geopolitical instability and central bank policy shifts inject volatility into risk assets. With the U.S. dollar showing signs of softening and real yields on Treasury bonds dipping, conditions are favorable for gold to gain further traction.

Demand for gold also tends to rise during periods of inflationary pressure and market uncertainty, both of which remain present in current economic data from major economies.

What’s Next for XAU/USD?

All eyes are now on the *\$3435.06* resistance level. A successful move above this price could unlock further upside, potentially drawing in more momentum buyers. However, a failure to break through on the first attempt may result in a retest of the newly formed support near *\$3366.02*.

For traders, it’s important to monitor how gold behaves around these key levels. Breakout confirmation, volume strength, and macroeconomic news will play critical roles in shaping near-term price direction.

Summary:
Gold (XAU/USD) has broken above \$3366.02, establishing a bullish tone and pointing toward the next major resistance at \$3435.06. Supported by safe-haven flows and favorable technicals, gold may continue higher if the breakout holds.

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