XAU/USD Bullish Breakout β Gold Eyes $2,928 & Beyond!
π₯ XAU/USD Analysis β February 4, 2025 π₯
π Current Price: $2,842.18 (+0.98%)
π Trend: Bullish momentum inside an ascending channel
π Key Levels to Watch:
π΅ Resistance: $2,928.75 β If this level breaks, expect further upside movement! π
π΅ Support: $2,729.13 β Strong demand zone; watch for pullbacks.
π΄ EMA 200: $2,534.85 β Long-term bullish confirmation above this level! β
π Possible Scenarios:
β
Bullish Case: Price continues the uptrend, targeting $2,928.75 next. If broken, gold could see $3,000+ soon! π―π₯
β οΈ Bearish Case: A rejection from resistance could lead to a pullback towards $2,800-$2,730.
π‘ Final Thoughts:
The bullish momentum is still strong, and dips could be buying opportunities! ππ Watch for price action near key levels.
π’ Gold bulls, are you ready for new highs? ππ°
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