XAU/USD analysis forecast after PPI news.

## *Pattern Identified:*
1. *Ascending Channel Pattern (Trend Channel)*
- The price is moving within a well-defined *support and resistance channel* (marked in purple).
- The market is in an *uptrend, respecting both the **support trendline* and *resistance trendline*.

### *Technical Tools Used:*
1. *Break of Structure (BOS)*
- Marked in yellow, indicating a breakout of the previous price structure.
- This confirms bullish momentum and trend continuation.

2. *Change of Character (CHOCH)*
- Found earlier in the trend, signaling a shift from a downtrend to an uptrend.
- This acts as an early signal for trend reversal or breakout traders.

3. *Liquidity Pools*
- *Lower Liquidity Pool (Pink Box): Located near the **support area*, showing a region where stop losses and buy orders may have been triggered.
- *Upper Liquidity Pool (Blue Box): Near the **resistance line*, indicating potential liquidity hunting before a breakout or reversal.

4. *Dynamic Liquidity (LQD) Line*
- A mid-level trendline that price seems to be respecting, acting as a dynamic support.

5. *Support & Resistance Levels*
- *Support (Lower Purple Line)*: The price has bounced multiple times from this level.
- *Resistance (Upper Purple Line)*: The price is approaching this area, with projections for possible breakouts or pullbacks.

6. *Projected Price Movements*
- Future price movements are marked with *zigzag lines, showing a **possible breakout above resistance* or a *retracement before further continuation*.

### *Conclusion:*
- The market is in a *bullish trend within an ascending channel*.
- If price *breaks above resistance, it could continue rising towards *$3,000**.
- However, if it *fails to break*, a pullback to the dynamic liquidity zone or support could occur before another attempt.

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