Gold (XAU/USD) Breakout & Retest: Next Stop $3,080?

🔍 Key Observations:

🔹 Ascending Triangle Breakout:

📈 Price was consolidating in an ascending triangle (🔺) and has broken out above resistance.

🚀 Bullish momentum is in play.


🔹 All-Time High (ATH) Resistance Zone:

🛑 Resistance Area (🔵) is where price has struggled before.

🔵🔵 Rejection signs at this level indicate a possible pullback.


🔹 Fair Value Gap (FVG) Retest:

🔽 Price may pull back into the Fair Value Gap (FVG) (📦) before moving higher.

🎯 This zone ($3,030 - $3,040) could act as a buying area.


🔹 Target Point at $3,080:

🎯 Main target for bulls is $3,080 (📈).

🔝 Price could retest the ATH zone before a push


🔹 Dynamic Support (DEMA 9):

📊 DEMA 9 (📉) at $3,052.80 is acting as support.


🔮 Expected Price Action:

⚫ Scenario 1 (Bullish) 🚀
➡️ Pullback into FVG zone (📦) → Buyers step in → Move toward $3,080 🎯

⚫ Scenario 2 (Bearish) 📉
❌ If price breaks below FVG → Further downside risk

✅ Conclusion:

🟢 Bullish bias remains strong unless price falls below FVG.

📌 Traders may look for entries in the FVG zone for a move to $3,080 🎯.


🔥🚀 Gold could be setting up for another push!