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XAUUSD Daily Analysis – Range Breakout or Breakdown?

🟡 XAUUSD Daily Analysis – Range Breakout or Breakdown?

Gold is currently trading at a critical decision zone.

📊 Structure Summary:

Price is ranging between the 3,270–3,480 levels.

A rising trendline support is pushing the price upward.

Strong resistance zone at 3,440–3,480, acting as a ceiling multiple times.

Support demand zone lies below at ~3,270–3,230, marked by previous consolidation.

📈 Bullish Scenario:

If price holds the rising trendline and breaks above the 3,480 resistance, we could see a rally toward 3,520 and 3,560.

A breakout with volume could confirm bullish momentum continuation.

📉 Bearish Scenario:

If price breaks below the ascending trendline, expect a deeper retracement into the 3,270–3,230 support zone.

A daily close below that zone opens the door for a drop toward 3,100–3,080 levels.

🔍 Key Levels to Watch:

Resistance: 3,440 – 3,480 (sell zone)

Support: 3,270 – 3,230 (buy zone)

Trendline Support: Immediate short-term demand

🧠 Trader’s Tip: Wait for confirmation—either a breakout candle above resistance or a breakdown below the trendline. Avoid getting caught in the range chop

Trade active

Trade closed: target reached

PriceActionMatrix

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PriceActionMatrix

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