📊 XAU/USD 4H Chart Analysis – Bullish Momentum 🚀💰
📌 Key Observations:
🔹 Current Price: $2,754.16 (+0.19%)
🔹 Support Zone: $2,740 - $2,750 (Previous resistance turned support ✅)
🔹 Resistance Zone: $2,780 (Next potential target 🎯)
🔹 200 EMA: $2,687.43 (Price is above = Bullish signal 📈)
🔹 Breakout Confirmation: Price has broken past a key level and might retest before moving higher 🔄📊
📉 Potential Scenarios:
✅ Bullish Case: If price holds above $2,750, we could see a rally towards $2,780+ 🚀
❌ Bearish Case: If price drops below $2,740, we might see a correction back to $2,720 ⚠️
🔥 Conclusion:
Gold is showing strong bullish momentum and may continue its uptrend towards $2,780+ if it sustains above the breakout level! Keep an eye on support at $2,750 for confirmation. 👀💎
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