#GOLD bullish breakout supported above 5,015
$XAU remains in uptrend, with recent price action showing signs of a breakout within the broader uptrend.
Support Zone: 5,015 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 5,015 would confirm ongoing upside momentum, with potential targets at:
5,286 – initial resistance
5,350 – psychological and structural level
5,462 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 5,015 would weaken the bullish outlook and suggest deeper downside risk toward:
4,930 – minor support
4,863 – stronger support and potential demand zone
Outlook:
Neutral bias remains intact while the
$PAXG trades around the pivotal 5,015 level. A sustained break below or above this level could shift momentum.
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