🔹 Technical Analysis – GOLD (XAU/USD) 4H Chart
1. Recent Price Action
Gold has successfully broken above the descending trendline, signaling a strong bullish shift in market structure. After the breakout, price cleared the first resistance area (around $3,360) and is now consolidating, indicating potential continuation toward higher targets.
2. Key Support Levels
* Support Zone: $3,350 – $3,360
This area is acting as the immediate support and potential re-entry zone after the breakout. Holding above this zone confirms bullish momentum.
* Additional Support: $3,325 – $3,330
If price dips further, this secondary support could attract buyers.
3. Resistance & Target Areas
* First Target: $3,390 – $3,400
Price may face initial resistance here, as it aligns with the next supply zone.
* Second Target: $3,430
Breaking the first resistance opens the path toward this key level.
* Final Target: $3,450
This is the ultimate bullish objective for this current wave.
4. Market Outlook
* Bullish Scenario:
If price stays above $3,350 and consolidates, expect a strong move toward $3,400 and beyond.
* Bearish Scenario:
A break below $3,325 would weaken the bullish bias and possibly lead to deeper pullback.
📌 Bias: Bullish above $3,350, aiming for $3,400, $3,430 & $3,450.
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1. Recent Price Action
Gold has successfully broken above the descending trendline, signaling a strong bullish shift in market structure. After the breakout, price cleared the first resistance area (around $3,360) and is now consolidating, indicating potential continuation toward higher targets.
2. Key Support Levels
* Support Zone: $3,350 – $3,360
This area is acting as the immediate support and potential re-entry zone after the breakout. Holding above this zone confirms bullish momentum.
* Additional Support: $3,325 – $3,330
If price dips further, this secondary support could attract buyers.
3. Resistance & Target Areas
* First Target: $3,390 – $3,400
Price may face initial resistance here, as it aligns with the next supply zone.
* Second Target: $3,430
Breaking the first resistance opens the path toward this key level.
* Final Target: $3,450
This is the ultimate bullish objective for this current wave.
4. Market Outlook
* Bullish Scenario:
If price stays above $3,350 and consolidates, expect a strong move toward $3,400 and beyond.
* Bearish Scenario:
A break below $3,325 would weaken the bullish bias and possibly lead to deeper pullback.
📌 Bias: Bullish above $3,350, aiming for $3,400, $3,430 & $3,450.
If this helpful for you, press the like button
Trade attivo
from 3374, support level Nota
1st target completed, 3398Nota
Nota
Trade chiuso: obiettivo raggiunto
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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.