GOLD Maintains Bullish Momentum, Targeting $2,840

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XAUUSD has recently broken out above a key resistance zone and successfully retested it as new support, subsequently rebounding and maintaining its position within the ascending channel. This solidifies the bullish structure, with buyers stepping in at the newly reclaimed support.

The next potential upside target is around $2,840, in line with the upper boundary of the channel. However, short-term pullbacks within the structure remain probable, particularly near mid-channel levels.

As long as Gold holds above the support zone, the bullish momentum remains intact. A break below this support would invalidate the current setup and shift focus back to lower support levels.

This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.

Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.

Best of luck , TrendDiva

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