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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