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📈 XAUUSD (Gold) Price Forecast 📈
Gold is currently in a strong uptrend, having broken a significant resistance level and trading above the 200 EMA, confirming bullish momentum. The market is now returning for a retracement near the order block, where a potential buying opportunity could arise.
Once the retracement is complete, and a bullish candle confirms the reversal, Gold is expected to resume its upward trajectory, targeting the channel line and breaking higher.
🎯 Technical Target Levels:
– 2732
– 2746
📌 Key Highlights:
– Confirmed uptrend with breakout of a strong resistance level.
– Retracement towards the order block presents a potential entry point.
– Trading above the 200 EMA, indicating strong bullish sentiment.
– Watch for confirmation with a bullish candle to resume the rally.
✅ Stay Prepared!
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