Gold Bullish Continuation After Retracement-Next Targets Ahead..🚀 XAUUSD Price Forecast
Gold broke a strong resistance level and is now retracing towards a key support zone, aligning with the 50EMA and an order block, which could act as a launchpad for further upside movement. The 200EMA remains below the price, indicating that the bullish trend is intact.
If the market holds above the demand zone and shows bullish confirmation, we can expect another upward move toward the next resistance levels.
🎯 Technical Target Levels:
🔹 2954 – First resistance level
🔹 2965 – Next potential target
A successful bounce from support would confirm the continuation of the uptrend. However, if the price fails to hold above the demand zone, a deeper retracement may occur.
⚠ This analysis is for educational purposes only, not financial advice.
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- TrendLogic1 🚀