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GOLD (XAUUSD): Await Confirmation
**Update on Gold (XAUUSD) 📈**
The previously shared setup is no longer valid, as Gold failed to break below the neckline of the double top pattern. Instead, it now shows signs of shifting toward a bullish trend.
On the 4-hour chart, we’ve identified a descending resistance trend line that has been successfully broken.
The key focus for buyers is the resistance zone between 2638 and 2655. A decisive break and close above this range would confirm a strong bullish signal, potentially paving the way for a rally toward the 2700 level.
The previously shared setup is no longer valid, as Gold failed to break below the neckline of the double top pattern. Instead, it now shows signs of shifting toward a bullish trend.
On the 4-hour chart, we’ve identified a descending resistance trend line that has been successfully broken.
The key focus for buyers is the resistance zone between 2638 and 2655. A decisive break and close above this range would confirm a strong bullish signal, potentially paving the way for a rally toward the 2700 level.
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