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📉 MARKET UPDATE: GOLD/XAUUSD ANALYSIS 📉 Gold has already made a solid breakout above the nearest H4 and H1 resistance level at 4678, confirming strong bullish control in the market. After the breakout, price successfully formed a continuation structure yesterday and today, and continued to rally aggressively as projected.
@worldcryptocita At the moment, price is trading at a new high around 4715, where no significant supply or resistance zone is present. This indicates that momentum remains firmly bullish and buyers are still in control of the current structure.
For now, the primary focus remains on buy setups only. However, it is important to stay disciplined, as a strong bullish move like this always carries the risk of a sudden bearish impulse. A large bearish candle could appear at any time, triggering a healthy pullback towards the breakout area around 4678.
Gold flying almost 600 pips from the lowest 🔥 Always focus on direction and always seen the unseen 👣