Weekly Buy Projection for XAUUSD (Gold) as of March 9, 2025

This chart presents a **weekly buy projection** for **XAUUSD (Gold) as of March 9, 2025**. Here are some key takeaways:

### **Key Zones & Levels:**
- **Entry Zone:** Around **2,892.189 - 2,892.277** (aligned with a major trendline and support).
- **Support Levels:**
- **S1:** Weekly low acting as support.
- **S2:** Stronger support at **2,859.812** (also the stop-loss level).
- **Resistance Levels:**
- **R1:** Weekly high acting as resistance.
- **R2:** **2,956.190** (all-time high resistance).
- **Target Prices:**
- **Target 1:** **2,929.162**
- **Target 2:** **2,956.190** (major resistance zone).

### **Trend Analysis:**
- The chart highlights a **V-pattern formation**, confirming a **buy signal**.
- The **4H uptrend line was breached**, but the **daily timeframe trendline remains intact**.
- **Sideways movement** expected before continuation upwards.
- **Braked resistance retest** suggests a bullish continuation if price holds above support.

### **Trade Plan:**
- **Buy Entry:** Around **2,892.189 - 2,892.277** (as long as it respects the trendline and support).
- **Stop Loss:** Below **2,859.812** to manage risk.
- **Take Profit:**
- **Target 1:** 2,929.162 (first resistance)
- **Target 2:** 2,956.190 (major resistance & ATH)