XAUUSD - Bullish Outlook Amid Geopolitical Tensions
Gold (XAUUSD) remains firmly bid today, driven by geopolitical uncertainties, fueling safe-haven demand. The metal has surged from 3098 to 3114, with upside momentum suggesting further gains towards key resistance zones.
🔹 Technical Analysis:
✅ Trend Bias: Bullish 📊
✅ Key Levels:
Support: 3098 | 3085
Resistance: 3135 | 3142
✅ Indicators:
EMA: Price holding above the short-term moving averages 🔄
RSI: Bullish above 60, signaling strong momentum ⚡
ATR: Increased volatility, favoring breakout potential 📉
Market Structure: Higher highs & higher lows confirm bullish trend 📈
🎯 Trading Plan:
🔹 Entry: Buy on dips above 3114 or breakout above 3120 🚀
🔹 Targets: 3135 → 3142 → 3150 🎯
🔹 Risk Management: Stop-loss below 3098 to protect downside exposure ⛔
Gold remains in a bullish phase, and a break above 3120 could ignite further upside momentum! Stay updated & trade wisely! 🔥🚀