$XAU setup this week:
Looking for continuation on gold after last week's strength. Key levels to watch:
2785-2790 resistance zone - if we break and hold above, next target is 2820+
2755-2760 support - this is where I'm looking for dip entries if we get a pullback
Macro backdrop still bullish: Fed uncertainty + geopolitical tensions keeping safe haven bid strong. Dollar weakness = gold strength.
Not chasing here - waiting for either a clean breakout above 2790 or a retrace to support for better R:R. Patience pays in this range.
Looking for continuation on gold after last week's strength. Key levels to watch:
2785-2790 resistance zone - if we break and hold above, next target is 2820+
2755-2760 support - this is where I'm looking for dip entries if we get a pullback
Macro backdrop still bullish: Fed uncertainty + geopolitical tensions keeping safe haven bid strong. Dollar weakness = gold strength.
Not chasing here - waiting for either a clean breakout above 2790 or a retrace to support for better R:R. Patience pays in this range.
