Gold (XAU/USD) Bullish Breakout Towards Key Resistance LevelsThis 15-minute chart of Gold Spot (XAU/USD) illustrates a strong bullish breakout, with price surging past a key resistance level around $3,130 and approaching a higher resistance zone near $3,150. The upward trend is supported by an ascending trendline, indicating strong buying momentum.
The red zones highlight key resistance areas where price action may face selling pressure or consolidation. If gold successfully breaks above the upper resistance, it could continue its upward movement. However, a rejection at this level might lead to a pullback towards the previous breakout zone. Traders should watch for confirmation signals before taking positions.