๐ XAUUSD (Gold) Price Forecast ๐
Gold is currently in a strong uptrend, having broken a significant resistance level and trading above the 200 EMA, confirming bullish momentum. The market is now returning for a retracement near the order block, where a potential buying opportunity could arise.
Once the retracement is complete, and a bullish candle confirms the reversal, Gold is expected to resume its upward trajectory, targeting the channel line and breaking higher.
๐ฏ Technical Target Levels:
- 2732
- 2746
๐ Key Highlights:
- Confirmed uptrend with breakout of a strong resistance level.
- Retracement towards the order block presents a potential entry point.
- Trading above the 200 EMA, indicating strong bullish sentiment.
- Watch for confirmation with a bullish candle to resume the rally.
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