Gold at ATH : Bullish Continuation or False Breakout Ahead

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As expected gold followed my last post and now trading on ATH
As discussed in last post we have following scenario from here:

Bullish Scenario
If today's candle closes with a strong bullish breakout formation (a solid body with minimal upper wick), this would confirm the breakout validity and suggest continued upward momentum. In this case:

Entry opportunities would arise on potential pullbacks to the breakout level, which should now act as support
The lack of historical resistance above current levels could allow for extended momentum
Volume confirmation would be crucial to validate the strength of this breakout

Bearish Scenario
If price rejects from current levels and forms a bearish candle (particularly if it creates a shooting star, engulfing pattern, or closes back below the breakout level), this could indicate a false breakout. In this case:

A short position could be considered with stops above today's high
Target levels would be the previous consolidation zone
This rejection could lead to a period of consolidation before the next decisive move

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