### #XAUUSD #Daily Analysis

### #XAUUSD #Daily Analysis

#### **Daily Chart Overview:**
- On the **daily timeframe**, gold has faced rejection from the **previous resistance zone**, as highlighted in our earlier analysis.
- Tomorrow’s **daily candle close** will be crucial in determining the next direction for gold.

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#### **Key Scenarios to Watch:**

1️⃣ **Bullish Breakout Above 2790:**
- If the daily candle closes above the **previous lifetime high of 2790**, there’s a strong likelihood for gold to target a **new lifetime high** around **2858**.

2️⃣ **Retracement to Support (2760-2740):**
- The **2760-2740 zone** represents the next significant **support level**.
- A retracement into this zone could lead to another **bullish rally**, potentially aiming for a new high.
- We will wait for **price action confirmations** before initiating a buy position.

3️⃣ **Bearish Breakdown Below 2760-2740:**
- If selling pressure intensifies and the daily candle fails to hold the **2760-2740 support zone**, the next major support level is around **2716-2690**.

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#### **Trading Plan:**
- **Option 1:** Look for buying opportunities from the **retracement zone (2760-2740)**.
- **Option 2:** Enter long positions after a confirmed breakout above **2790**, targeting **2858**.
- **Option 3:** Monitor closely for selling momentum, which could push prices toward **2716-2690**.

Tomorrow’s daily close will provide clearer signals—stay prepared and wait for confirmation.