Gold has decisively broken above a key horizontal resistance, confirming bullish momentum as it finds strong confluence support on both horizontal and vertical levels. The price action aligns with an ascending triangle breakout, reinforcing trend continuation, while the near-completion of Wave 5 signals a potential extension toward higher targets. A sustained hold above this breakout zone could trigger further upside, with bulls eyeing key Fibonacci extensions and liquidity zones. However, a retest of the breakout level as support will be crucial to validate strength before the next leg higher.
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