XAUUSD
The chart shows an overall bullish trend supported by the green ascending trendline, recently price action indicates consolidation near the 2,625.57 level. Resistance is around 2,655.50, while support near 2,602.24 and 2,581.92.
A breakout above 2,655.50 could lead to further upward momentum, targeting the area around 2,800.00. A drop below 2,602.24 may trigger selling pressure, targeting lower support zones around 2,519.19. we may look to buy near 2,602.24 or 2,581.92 and sell near 2,655.50 or the resistance zone around 2,800.00.
Summary
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Trend: Overall bullish trend with recent consolidation.
Resistance: Key resistance at 2,655.50 and higher at 2,800.00.
Support: Strong support at 2,602.24 and 2,581.92.
Buy Zone: Near 2,602.24 or 2,581.92.
Sell Zone: Near 2,655.50 or 2,800.00.
Outlook: Break above resistance may push higher; drop below support could trigger sell-offs.
A breakout above 2,655.50 could lead to further upward momentum, targeting the area around 2,800.00. A drop below 2,602.24 may trigger selling pressure, targeting lower support zones around 2,519.19. we may look to buy near 2,602.24 or 2,581.92 and sell near 2,655.50 or the resistance zone around 2,800.00.
Summary
-----------
Trend: Overall bullish trend with recent consolidation.
Resistance: Key resistance at 2,655.50 and higher at 2,800.00.
Support: Strong support at 2,602.24 and 2,581.92.
Buy Zone: Near 2,602.24 or 2,581.92.
Sell Zone: Near 2,655.50 or 2,800.00.
Outlook: Break above resistance may push higher; drop below support could trigger sell-offs.
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