XAU/USD Bullish Breakout Setup โ€“ Gold Price Analysis

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๐Ÿ” Key Observations:

๐ŸŸข Support Zone:

H1 Support Area ๐Ÿ“‰: $3,036.67 - $3,044

Price is currently testing this zone (๐Ÿ”ต).


๐Ÿ”ด Resistance Level:

$3,053.45 (๐Ÿ›‘ Immediate Barrier)


๐Ÿ“ˆ Trade Setup:

โœ… Potential Buy Entry near support (๐ŸŸข)
๐ŸŽฏ Target Zone: $3,080 - $3,090 (๐Ÿ“๐Ÿš€)
โŒ Stop-loss: Below $3,036.67 (โš ๏ธ๐Ÿ”ด)

๐Ÿ“Š Price Action:

If support holds ๐ŸŸฉ, price could move UP (โฌ†๏ธ) toward the target ๐ŸŽฏ

If it breaks down โฌ‡๏ธ, price may fall further (โš ๏ธ๐Ÿ“‰).


๐Ÿ“Œ Conclusion:

Bullish ๐Ÿ“ˆ if the price respects support (๐ŸŸข)

Bearish ๐Ÿ“‰ if it breaks below stop-loss (โš ๏ธ).

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