Gold Breakout Alert! Major Move Incoming!

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Technical Analysis – Gold (30-min Chart)

Price is currently trading just above the broken descending trendline, indicating early signs of bullish momentum. The recent retest of the breakout zone (highlighted area) has held as support, suggesting buyers are defending this level. Price is now approaching the 4,223–4,240 resistance zone, where a clear breakout and confirmation would strengthen bullish continuation toward the 1st target zone around 4,260.

A sustained move above 4,260 may open the path toward the final target at 4,300. However, failure to break the immediate resistance could lead to another retest of the support zone near 4,200.

Bias remains bullish, but confirmation through a clean breakout is key for further upside.

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