$XAU /USD UPDATE โ Breakout Confirmed?
Gold has now broken above the descending channel and the 4,460 resistance zone, weakening the previous bearish setup.
๐ #BullishScenario
If price holds above 4,460, further upside could follow.
โ ๏ธ Short-Term Risk:
With the weekend approaching, a pullback/retest toward the breakout area is still possible before the next move higher.
Key Level: 4,460
Watch: Breakout retest & daily close
The key question now: Will Gold hold the breakout or return for a deeper retest?
#XAUUSD #GOLD #TechnicalAnalysiss
Gold has now broken above the descending channel and the 4,460 resistance zone, weakening the previous bearish setup.
๐ #BullishScenario
If price holds above 4,460, further upside could follow.
โ ๏ธ Short-Term Risk:
With the weekend approaching, a pullback/retest toward the breakout area is still possible before the next move higher.
Key Level: 4,460
Watch: Breakout retest & daily close
The key question now: Will Gold hold the breakout or return for a deeper retest?
#XAUUSD #GOLD #TechnicalAnalysiss