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