XAUUSD may be forming a significant bottom within the 2025 uptrend. Gold is testing its 2025 trend line today at $3,290 following last week’s rejection at $3,430 resistance. Given the multi-year uptrend and Tuesday’s retest, you almost have to favor buyers here. However, I’ll be quick to close the position if $3,290 fails. That’s a must-hold area for XAUUSD bulls this week. If buyers hold the line, the gold price action since April could signal an ascending triangle, which is a bullish continuation pattern. Of course, that’s still a big “if”, considering we don’t know if bulls can hold this 2025 trend line, much less ... (full story)