XAUUSD-Breakout or Rejection?

Bullish Consolidation Continues Near ATH Zone
Gold is maintaining stability above the key pivot zone at $2,935, indicating a potential breakout scenario. The price is currently consolidating within a narrow range, awaiting confirmation of the next move.

🔹 Bullish Scenario: A 4H close above $2,946 will strengthen the bullish case, with upside targets at $2,954 and $2,968. A further breakout above $2,974 could push the price toward the $3,000 psychological level.

🔹 Bearish Scenario: Failure to hold above $2,935 may trigger a pullback toward $2,918, with deeper support at $2,895 and $2,873.

Key Levels to Watch:
🔸 Resistance: $2,946 | $2,954 | $2,974
🔸 Pivot Zone: $2,935
🔸 Support: $2,918 | $2,895 | $2,873

⚠️ Directional Bias: As long as Gold remains above $2,935, the bullish momentum remains intact. However, a break below this level could shift sentiment bearish.