# **📊 Gold (XAU/USD) – Gann Analysis & Market Outlook**
## **🔎 Market Overview:**
Gold is currently trading around **$2,999.84**, testing the **765° Gann level ($2,985.4)** as resistance. The price has shown strong bullish momentum, breaking past multiple resistance levels and now approaching **the psychological level of $3,000**.
The **810° Gann level ($3,012.8)** is the next key resistance, and a breakout above it could signal further gains. However, if gold faces rejection, a retest of the lower Gann levels is possible.
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## **📈 Key Gann Levels & Their Implications:**
🔹 **Immediate Resistance:**
- **810° – $3,012.8**: Key resistance level; a break above it may confirm further upside momentum.
- **855° – $3,040.3**: If bullish momentum continues, this level could act as a short-term target.
- **900° – $3,067.9**: A strong resistance zone where profit-taking may occur.
🔹 **Immediate Support:**
- **765° – $2,985.4**: Price is currently testing this level; if it holds, buyers may push the price higher.
- **720° – $2,958.1**: A potential pullback zone where buyers may step in again.
- **675° – $2,931.0**: If price drops further, this level could act as a strong support area.
🔹 **Major Support Levels:**
- **630° – $2,904.0**: A breakdown below this could shift momentum bearish.
- **585° – $2,877.1**: Critical support, where a failure to hold may lead to deeper corrections.
- **540° – $2,850.4**: Strong demand zone; if price reaches here, it could provide a buying opportunity.
---
## **🚀 Potential Market Scenarios:**
### **🟢 Bullish Case (Breakout Scenario):**
✔ If price **breaks and holds above $3,012.8 (810° level)**, it could confirm further upside momentum.
✔ Next targets would be **$3,040 (855° level)** and possibly **$3,067 (900° level)** if gold remains strong.
✔ This scenario would require **higher trading volume** and a weaker USD or inflation concerns boosting gold demand.
### **🔴 Bearish Case (Pullback Scenario):**
❌ If gold fails to break **$3,012** and faces rejection, a pullback toward **$2,958 (720° level)** is possible.
❌ A deeper correction could bring price to **$2,904 (630° level)** or even **$2,850 (540° level)** if bearish momentum accelerates.
❌ This scenario could be triggered by **stronger USD, bond yields rising, or profit-taking at these levels**.
---
## **⚠️ Key Takeaways:**
📍 Gold is testing **critical resistance ($3,000 - $3,012)** and needs a breakout to confirm a further rally.
📍 Bulls must **clear $3,012** to target **$3,040+**; failure to do so may lead to a pullback.
📍 Supports to watch: **$2,985, $2,958, and $2,904** in case of rejection.
💬 **What’s your bias—bullish or bearish? Let me know your thoughts! 🚀📉**
#Gold #XAUUSD #GannAnalysis #Trading #TechnicalAnalysis 💰
## **🔎 Market Overview:**
Gold is currently trading around **$2,999.84**, testing the **765° Gann level ($2,985.4)** as resistance. The price has shown strong bullish momentum, breaking past multiple resistance levels and now approaching **the psychological level of $3,000**.
The **810° Gann level ($3,012.8)** is the next key resistance, and a breakout above it could signal further gains. However, if gold faces rejection, a retest of the lower Gann levels is possible.
---
## **📈 Key Gann Levels & Their Implications:**
🔹 **Immediate Resistance:**
- **810° – $3,012.8**: Key resistance level; a break above it may confirm further upside momentum.
- **855° – $3,040.3**: If bullish momentum continues, this level could act as a short-term target.
- **900° – $3,067.9**: A strong resistance zone where profit-taking may occur.
🔹 **Immediate Support:**
- **765° – $2,985.4**: Price is currently testing this level; if it holds, buyers may push the price higher.
- **720° – $2,958.1**: A potential pullback zone where buyers may step in again.
- **675° – $2,931.0**: If price drops further, this level could act as a strong support area.
🔹 **Major Support Levels:**
- **630° – $2,904.0**: A breakdown below this could shift momentum bearish.
- **585° – $2,877.1**: Critical support, where a failure to hold may lead to deeper corrections.
- **540° – $2,850.4**: Strong demand zone; if price reaches here, it could provide a buying opportunity.
---
## **🚀 Potential Market Scenarios:**
### **🟢 Bullish Case (Breakout Scenario):**
✔ If price **breaks and holds above $3,012.8 (810° level)**, it could confirm further upside momentum.
✔ Next targets would be **$3,040 (855° level)** and possibly **$3,067 (900° level)** if gold remains strong.
✔ This scenario would require **higher trading volume** and a weaker USD or inflation concerns boosting gold demand.
### **🔴 Bearish Case (Pullback Scenario):**
❌ If gold fails to break **$3,012** and faces rejection, a pullback toward **$2,958 (720° level)** is possible.
❌ A deeper correction could bring price to **$2,904 (630° level)** or even **$2,850 (540° level)** if bearish momentum accelerates.
❌ This scenario could be triggered by **stronger USD, bond yields rising, or profit-taking at these levels**.
---
## **⚠️ Key Takeaways:**
📍 Gold is testing **critical resistance ($3,000 - $3,012)** and needs a breakout to confirm a further rally.
📍 Bulls must **clear $3,012** to target **$3,040+**; failure to do so may lead to a pullback.
📍 Supports to watch: **$2,985, $2,958, and $2,904** in case of rejection.
💬 **What’s your bias—bullish or bearish? Let me know your thoughts! 🚀📉**
#Gold #XAUUSD #GannAnalysis #Trading #TechnicalAnalysis 💰
Note
Gold Almost Touched the 3040 ;)GG
Expecting Deep correction from 3038 - 3082 range
Note
Note the Trend touch and the Level 2998.76That touch Turned the price as you can see.
RePlay this chart today
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.