XAUUSD strong bullish

1. (Xauusd)Support at 2900 May Not Hold

The chart suggests a bounce from the 2900 support area, but if market sentiment weakens, we could see a breakdown below 2900 instead of a recovery.

If this happens, gold might dip further toward 2850 or even 2800 before regaining strength.

2. Trendline Breakdown is Possible

There's an upward trendline acting as dynamic support, but multiple touches increase the chance of a breakdown rather than a continuation.

A confirmed break below this trendline could lead to bearish momentum rather than a push higher.

3. Resistance May Be Stronger Than Expected

The analysis suggests a move toward 2960-3000, but these levels could act as a strong resistance instead of a breakout zone.

Failure to break 2960 might trigger another sell-off back toward 2900 or lower.

4. Macroeconomic Factors Could Shift Bias

If the US Dollar strengthens or bond yields rise, gold could struggle to gain momentum, invalidating the bullish outlook