Gold (XAU/USD) Technical AnalysisGold (XAU/USD) Technical Analysis
#### **Current Market Overview**
- **Price:** $3,092
- **Support Level:** $3,087 - $3,083
- **Resistance Level:** $3,095 - $3,100
- **Trend:** Uptrend continuation, with price holding above key EMAs
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### **📈 Bullish Scenario**
- If the price **breaks above $3,095 - $3,100** resistance, expect further upside movement towards **$3,110 - $3,120**.
- The **rising trendline and EMA support** suggest buyers are in control.
- A strong close above resistance could trigger **momentum buying** and fuel a rally.
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### **📉 Bearish Scenario**
- A **failure to break $3,100** may lead to a pullback towards **$3,087 - $3,083** support.
- If sellers push below this support zone, further downside towards **$3,076 and $3,065** is possible.
- Increased selling pressure may shift sentiment, leading to a correction.
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### **Conclusion**
- **Above $3,095:** Bullish continuation toward higher levels.
- **Below $3,087:** Potential bearish correction before another leg up.