$XAU/USD BULLISH BREAKOUT – GOLD SHINES BRIGHTER ABOVE KEY ZONE! ✨📈

The chart of Gold Spot vs. USD ($XAU/USD) shows a strong bullish breakout above a critical resistance-turned-support zone, signaling potential for further upside movement.

🔑 Key Technical Levels:

Current Price: $2,347.35

Support Zone: $2,320 – $2,335 (green highlighted zone)

Resistance Level: $2,375 (short-term), $2,400+ (next key target)

📊 Trade Setup (Long Position):

Entry: On Retest of $2,335 – $2,340 zone

Take Profits (TP):

TP1: $2,360

TP2: $2,375

TP3: $2,400

Stop Loss (SL): $2,320 below the green support box

📉 Market Outlook:

Gold has broken out of the descending trendline and is now retesting a confluence of support and Fibonacci level. With bullish structure intact, price is likely to rally toward the $2,375–$2,400 area. Traders should watch for confirmation of bullish momentum on retest.

🛡️ Risk Management:

Use 1-2% of account equity per trade, and adjust lot size according to SL distance. Stick to plan—never chase price.

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