XAUUSD (Gold) – Short Analysis 📊
The market was previously range-bound, but the latest move shows a strong bullish breakout during the New York session 🚀
Key Insights:
Price has clearly broken the 4,670–4,700 resistance zone
Strong momentum with impulsive candles → buyers are in control
Market structure is now forming higher highs & higher lows (bullish trend)
Important Levels:
Support: 4,780 – 4,760
Resistance: 4,840 – 4,860
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