Gold (XAUUSD) has broken above a descending structure and completed a bullish breakout. Price is now retesting a key resistance/supply zone, where bearish rejection is forming. If sellers maintain control, a move toward the highlighted demand (buy) zone is likely.
📊 Technical Analysis:
Bullish breakout from the previous consolidation.
Retest of resistance after the breakout.
Bearish rejection signals weakening buying momentum.
Lower high formation suggests a potential downside continuation.
Main target remains the demand zone around 4075–4085.
⚠️ Trade Plan:
Wait for bearish confirmation before entering.
Avoid chasing the market without confirmation.
Manage risk according to your trading plan.
Risk Management:
📊 Technical Analysis:
Bullish breakout from the previous consolidation.
Retest of resistance after the breakout.
Bearish rejection signals weakening buying momentum.
Lower high formation suggests a potential downside continuation.
Main target remains the demand zone around 4075–4085.
⚠️ Trade Plan:
Wait for bearish confirmation before entering.
Avoid chasing the market without confirmation.
Manage risk according to your trading plan.
Risk Management:
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