🔥 XAUUSD Analysis & Forecast: Breaking Higher?
Gold (XAUUSD) has made a breakout above its monthly resistance, signaling strong bullish momentum. Here's a breakdown of the current levels and key zones to watch for the upcoming sessions:
📈 Bullish Outlook
Target: Gold looks primed to extend gains toward the 2780-2785 zone in the coming days, given its recent breakout.
🚩 Key Resistance Zone
2744: This remains a critical resistance zone that traders should monitor. A clear break and sustained trading above this level will confirm the next bullish leg.
📉 Support Levels to Watch
2723: The first key support zone where buying interest could emerge.
2711: Secondary support that serves as a fallback zone for bulls to re-enter.