XAUUSD (Gold) Trading Plan – Key Levels & Market Outlook

🔹 Technical Analysis:
Gold is currently testing a strong resistance zone at $2929–$2931. A failure to break above this level could trigger a bearish retracement towards the key support levels at $2902–$2894.

📉 Bearish Confluence:

Market Structure: Price showing signs of exhaustion near resistance.
Indicators: RSI nearing overbought territory, potential for a pullback.
Order Flow: Selling pressure increasing at resistance zones.

🔔 Trading Outlook:

Bearish below $2929–$2931, targets $2902–$2894.
Bullish breakout above $2931 could push towards $2945–$2952.
Watch for price action confirmation before entering trades.

🎯 Trading Strategy:
✅ Sell below $2929 with SL $2935, TP $2902–$2894.
✅ Buy above $2931 if breakout confirms, SL $2925, TP $2945–$2952.

📢 Stay Alert! Monitor market sentiment, news, and key economic releases. 🚨