Gold (XAU/USD) Technical Analysis
Market Structure:
- Gold initially consolidated before a breakout with a strong candle, indicating bullish momentum.
- A fakeout below the support zone triggered stop-loss hunting, followed by a reversal.
- The price has now entered the buying area, where demand is pushing it higher.
Trade Setup:
- Bullish Scenario: A sustained hold above the buying area could lead to a test of the $2,970 resistance zone.
Note : 1st Target is 2955,
Entry Area near 2922 demand zone .
Conclusion:
Gold remains bullish above the key buying area. A breakout above $2,953 could signal further upside, while a rejection may bring short-term corrections.
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Market Structure:
- Gold initially consolidated before a breakout with a strong candle, indicating bullish momentum.
- A fakeout below the support zone triggered stop-loss hunting, followed by a reversal.
- The price has now entered the buying area, where demand is pushing it higher.
Trade Setup:
- Bullish Scenario: A sustained hold above the buying area could lead to a test of the $2,970 resistance zone.
Note : 1st Target is 2955,
Entry Area near 2922 demand zone .
Conclusion:
Gold remains bullish above the key buying area. A breakout above $2,953 could signal further upside, while a rejection may bring short-term corrections.
If you enjoy, press the like button.
Trade attivo
Trade was activated from 2957Trade chiuso: obiettivo raggiunto
2800 pips+ achieved , price touched 3237 
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.