The analysis is on XAUUSD. The market is currently trading at record highs and a breakout may occur, but it might be a trap. If Gold shoots up above 3700, the next target is 3800. The area around the current price is considered dangerous. For existing buy positions, the analyst recommends holding with trailing stop loss. For fresh positions, analyst recommends to buy at retracement. The best support is around 3674. The next support level is 3662-3659. 3644 is a good support. However, analyst mention that this support is old, so it is less important than the others. In a bullish scenario, analyst suggest to buy at breakout above 3709 but to expect a profit booking and potential move down. The analyst also adds the current resistance is 3700 and, when broken, it will become the next support. Analyst advises to wait for pullback for better entry.