๐ XAU/USD 4H Chart Analysis โ Bullish Momentum ๐๐ฐ
๐ Key Observations:
๐น Current Price: $2,754.16 (+0.19%)
๐น Support Zone: $2,740 - $2,750 (Previous resistance turned support โ
)
๐น Resistance Zone: $2,780 (Next potential target ๐ฏ)
๐น 200 EMA: $2,687.43 (Price is above = Bullish signal ๐)
๐น Breakout Confirmation: Price has broken past a key level and might retest before moving higher ๐๐
๐ Potential Scenarios:
โ
Bullish Case: If price holds above $2,750, we could see a rally towards $2,780+ ๐
โ Bearish Case: If price drops below $2,740, we might see a correction back to $2,720 โ ๏ธ
๐ฅ 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. ๐๐
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