XAUUSD
A break above 2047 resistance would confirm the resumption of the rally towards the next key target at 2075.25.
This underlines 2047 as a pivotal breakout level to turn the outlook more bullish.
Near-term, the expected trading range for today is between 2035 support and 2050 resistance.
Within this band, traders may look for optimal risk/reward long entry opportunities on dips towards 2035.
Momentum plays targeting 2065 are also possible on bounces from 2035 support.
It will be important to see if 2047 can be taken out decisively, signaling a push higher within the bullish structure.
Downside should be limited while prices hold above 2035, maintaining an upside bias.
