XAU/USD Bullish Breakout Setup – Gold Price Analysis

🔍 Key Observations:

🟢 Support Zone:

H1 Support Area 📉: $3,036.67 - $3,044

Price is currently testing this zone (🔵).


🔴 Resistance Level:

$3,053.45 (🛑 Immediate Barrier)


📈 Trade Setup:

✅ Potential Buy Entry near support (🟢)
🎯 Target Zone: $3,080 - $3,090 (📍🚀)
❌ Stop-loss: Below $3,036.67 (⚠️🔴)

📊 Price Action:

If support holds 🟩, price could move UP (⬆️) toward the target 🎯

If it breaks down ⬇️, price may fall further (⚠️📉).


📌 Conclusion:

Bullish 📈 if the price respects support (🟢)

Bearish 📉 if it breaks below stop-loss (⚠️).