🔥 XAUUSD Price Forecast – Major Breakout or Breakdown Ahead?
Gold is currently consolidating at the top of the uptrend inside a rectangle pattern, which indicates market indecision. During this phase, a Fair Value Gap (FVG) and an order block have formed, suggesting that a strong move is coming soon.
🔍 Key Technical Insights:
Bullish Bias: Gold is above the bullish trendline and the 200EMA, which supports a continued uptrend.
Bearish Signal: A breakdown of the trendline and 2923 support level would confirm a downtrend.
📉 Bearish Scenario:
If Gold fails to hold above 2923, we can expect a strong downside move towards:
🔻 2904
🔻 2880
🔻 2840
📈 Bullish Scenario:
If Gold breaks above the 2954 resistance level, this would indicate strong bullish momentum, and we could see a new record high of 3000! 🚀
📢 Final Thoughts:
Gold is at a critical decision point—a breakout could push it to new highs, while a breakdown could lead to a correction. Monitor key levels closely!
🔔 Like, Comment & Follow for real-time updates and professional forecasts! 🚀