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#XAUUSD – Breakout or Reversal? Key Levels to Watch | 30M Analys

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Gold is currently consolidating within a triangle pattern, attempting to break out after forming a falling wedge. The price is fluctuating near $3,022, with key formations indicating potential volatility ahead.

Technical Analysis:

Triangle Formation – Price nearing a decisive move

Falling Wedge Breakout – Temporary bullish push, but resistance holding

Support at $3,010 - $3,020, Resistance at $3,040+

Right Shoulder Formation – Possible Head & Shoulders pattern forming


Fundamental Outlook:

Fed rate policy & inflation data impacting gold sentiment

US Dollar strength could limit upside movement


If gold holds above support, a bullish push toward $3,040 - $3,060 is possible. However, a breakdown below the triangle could send prices lower. Watch for volume confirmation!
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