Buy Signal — Targeting $4,061.38 Resistance Target:

XAU/USD Technical Analysis 🧠💰

Gold (XAU/USD) is showing strong bullish momentum after confirming support near the $3,975 – $3,985 zone. The price action has respected the ascending channel, bouncing from the lower boundary and signaling continuation toward the upside.

Key Observations:

Structure Break (BOS): Confirms a shift from consolidation to bullish trend.

Support Zone: Buyers are clearly defending the $3,975 – $3,985 area, showing strong demand.

Bullish Continuation Pattern: After the retracement, price action is forming higher lows, consistent with trend continuation.

Target Zone: The next major resistance and profit-taking area lies at $4,061.38, where previous supply pressure was noted.

Trading Plan:

✅ Entry: Around $3,985 – $4,000 (after a minor pullback)

🎯 Target: $4,061.38

🛑 Stop-Loss: Below $3,965 (beneath support) K2I1! USD1! MKI1! S501! JPY1! EUR1! BM31! SEF1! SM51! SGX1!