XAUUSD Higher Time Frame Analysis## 🔍 **# XAUUSD Higher Time Frame Analysis **
📉 **Last Friday’s Session Recap:**
Gold experienced a **sharp sell-off** following the release of the **NFP data**, which came out **strongly in favor of the US Dollar** 💵 — naturally putting pressure on gold prices 🪙.
📊 **Key Support Zone:**
On the higher time frame, the **$3033–$3000** zone stands out as a **major support** 🛡️.
➡️ As long as **this area holds**, the **overall bullish structure remains intact** for gold.
🌍 **Geopolitical Drivers:**
Current global tensions are adding fuel to the fire:
* 🇮🇷 Ongoing **conflict between Iran and the US** over the nuclear program.
* 🇺🇸 Ex-President **Donald Trump’s tariff war** continues to impact the US economy.
* 🇨🇳 **China's reverse tariffs** against the US are further weakening the Dollar.
🔼 All these factors are likely to support **gold and other physical commodities** in the near term.
🎯 **Upside Targets to Watch:**
* 🔹 First Resistance: **$3085**
* 🔹 Second Resistance: **$3112**
👉 Gold can **easily climb** these levels, but **potential rejections** may occur here — so caution is advised.
🧭 **If $3000 Breaks:**
* 📉 Immediate Support: **$2950**
* 📉 Strong Buy Zone: **$2920–$2880**
📈 **Bullish Breakout Confirmation:**
If we see a **daily candle close above $3115–$3120**, expect gold to aim for its **previous high at $3170** 🎯.
---
📅 I’ll be sharing the **Lower Time Frame Analysis** shortly to zoom into these key zones. Stay tuned! 🔔
