BULLISH TREND IN XAUUSD @2680 this is cpi target

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XAUUSD H4 Time Frame Analysis – Bullish Momentum

🔶 Market Overview: XAUUSD has recently broken through its key resistance level and is now showing strong bullish momentum. After a decisive breakout, the price is heading toward 2680, indicating that the bulls are in control of the market. With the current technical setup, the next resistance zone is at 2690, and a further push could see prices targeting 2720 in the near term.

📈 Key Levels to Watch:

New Resistance: 2690
Support Zone: 2660
Technical Target: 2710/2720
🔶 Price Action & Outlook: The breakout above resistance at 2680 is a strong indication that XAUUSD is moving towards a bullish continuation. The current level of 2690 is critical, and if it holds, we could see further upward movement towards the 2720 zone. As long as the price remains above the support level at 2660, the bullish trend remains intact. Traders should look for opportunities to enter on pullbacks toward the support or on a retest of the resistance turning support.

📊 Recommendation: Traders should monitor the price action closely at the 2690 resistance level and consider long positions with the target at 2710/2720. A break and close above 2690 will further confirm the bullish trend. Stay alert for any retracement to 2660, which could provide a good buying opportunity.

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🔶 Price Action & Outlook: With XAUUSD hitting 2696, the market is now testing the retracement zone, which could be an opportunity for traders to enter long positions as the price consolidates. If the support at 2660 holds, the bullish trend should continue with a potential push toward 2710/2720 as the next key targets. A confirmed bounce from the support zone would strengthen the case for further upside movement.