Gold (XAU/USD) is at a make-or-break point, holding key support while testing resistance. A breakout could send prices soaring—are you ready?
📌 Current Price: $2,913.80
📊 Market Bias: Still bullish, but key zones must hold for continuation.
🔥 Key Levels You NEED to Watch:
🔵 Major Resistance: $2,920 → A clean breakout could push price to $2,945 - $2,960.
🟢 Critical Support: $2,834 → If this level breaks, expect a drop to $2,800 - $2,760.
📈 Trendline Support: Gold is respecting an ascending trendline, keeping the bullish structure intact.
🎯 Trade Setups:
✅ Bullish Scenario: If Gold breaks $2,920, we could see a rapid move toward $2,945+.
❌ Bearish Scenario: If price loses $2,834, sellers may take control, driving price lower.
📌 Why This Matters:
Gold is being fueled by inflation concerns, central bank policies, and investor demand for safe-haven assets. The next breakout could set the tone for the coming weeks.
💬 Will Gold pump or dump from here? Drop your predictions in the comments! 🔥👇
📌 Current Price: $2,913.80
📊 Market Bias: Still bullish, but key zones must hold for continuation.
🔥 Key Levels You NEED to Watch:
🔵 Major Resistance: $2,920 → A clean breakout could push price to $2,945 - $2,960.
🟢 Critical Support: $2,834 → If this level breaks, expect a drop to $2,800 - $2,760.
📈 Trendline Support: Gold is respecting an ascending trendline, keeping the bullish structure intact.
🎯 Trade Setups:
✅ Bullish Scenario: If Gold breaks $2,920, we could see a rapid move toward $2,945+.
❌ Bearish Scenario: If price loses $2,834, sellers may take control, driving price lower.
📌 Why This Matters:
Gold is being fueled by inflation concerns, central bank policies, and investor demand for safe-haven assets. The next breakout could set the tone for the coming weeks.
💬 Will Gold pump or dump from here? Drop your predictions in the comments! 🔥👇
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✅ICMARKETS frankfxx.com/icmarkets
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