Gold (XAUUSD) Analysis

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Gold (XAUUSD), showing a clear uptrend characterized by higher highs and higher lows, which aligns with the broader bullish momentum.

Key observations:
1. Support Zones: The marked support areas at $2,710 and $2,668 indicate strong buying interest during price pullbacks.

2. Resistance Zone: The $2,780-$2,794 region serves as a potential upside target, where sellers may emerge.

3. Price Action and Breakouts: The three circled areas highlight strong bullish movements and breakout points, demonstrating consistent buying pressure.

Target Projection: The chart suggests a continuation of the bullish trend, with potential take profit levels (TP) at $2,765 and $2,780. A break above $2,780 may further accelerate the uptrend.

Technical fundamentals, with support zones acting as a cushion for any retracement. Risk management is critical around these zones.

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NOTE: This Ananlysis For educational purposes only not a trading advice

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