GOLD POISEDFOR BULLISH AS PRICE HOLDS ABOVE KEY TRENDLINE SUPPOR

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🧭 General Overview

Instrument: Gold Spot / USD (XAU/USD)

Timeframe: 30-minute

Current Price: 3,958.59

Trend: Overall bullish, but showing short-term correction


📊 Key Technical Elements on Chart

1. Bullish Trendline

The green upward trendline labeled “Bullish Trend” indicates that gold remains in a long-term uptrend.

Price is currently testing this bullish trendline — a crucial support area.


2. Resistance Zone

The resistance line near 3,992–4,000 marks the recent swing high where price was rejected.

Each approach to this zone triggered a pullback, indicating strong selling pressure ther

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Gis holding above 4000 support area continuation upward channel. The market structure shows uptrend momentum and phase the targets beyond 4007 0n strength.