**Gold (XAUUSD) Bullish Breakout Setup – Targeting $2,818**
**Gold (XAUUSD) 1H Chart Analysis:**
- **Current Price:** Around **$2,800.29**
- **Key Resistance:** **$2,818.05** (Potential target zone)
- **Spot Zone:** Previous resistance turned support around **$2,790**
- **Recent Price Action:**
- Gold broke above a key resistance level (now acting as support).
- Price faced a **minor rejection** but is consolidating, potentially forming a bullish continuation pattern.
- **Forecast:**
- If price holds above **$2,790**, consolidation could lead to a breakout toward **$2,818**.
- A strong breakout above **$2,818** could signal further upside momentum.
- A rejection from this level might result in a pullback to **$2,790** support.
Overall, bullish sentiment remains strong unless price drops below **$2,790**.
- **Current Price:** Around **$2,800.29**
- **Key Resistance:** **$2,818.05** (Potential target zone)
- **Spot Zone:** Previous resistance turned support around **$2,790**
- **Recent Price Action:**
- Gold broke above a key resistance level (now acting as support).
- Price faced a **minor rejection** but is consolidating, potentially forming a bullish continuation pattern.
- **Forecast:**
- If price holds above **$2,790**, consolidation could lead to a breakout toward **$2,818**.
- A strong breakout above **$2,818** could signal further upside momentum.
- A rejection from this level might result in a pullback to **$2,790** support.
Overall, bullish sentiment remains strong unless price drops below **$2,790**.
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