Gold (XAU/USD) Technical Analysis – 30-Min Chart
- Price Range Identified: Gold is currently consolidating within a well-defined range, with resistance around $3,048 and support near $3,026.
- Double Rejection at Resistance: The price attempted to break the resistance zone but failed, forming a bearish rejection pattern.
- Support Holding Strong: The support area has been tested multiple times and is acting as a demand zone.
- Potential Scenarios:
- A break above $3,048 could signal further bullish momentum.
- A break below $3,026 might trigger bearish continuation toward $3,010.
Traders should watch for price action confirmation at key levels before taking positions.
If you enjoy, press the like button.
- Price Range Identified: Gold is currently consolidating within a well-defined range, with resistance around $3,048 and support near $3,026.
- Double Rejection at Resistance: The price attempted to break the resistance zone but failed, forming a bearish rejection pattern.
- Support Holding Strong: The support area has been tested multiple times and is acting as a demand zone.
- Potential Scenarios:
- A break above $3,048 could signal further bullish momentum.
- A break below $3,026 might trigger bearish continuation toward $3,010.
Traders should watch for price action confirmation at key levels before taking positions.
If you enjoy, press the like button.
Trade active
buy trade activated from 3025, targets ahead.Note
Congratulations guys, 1st target hit 90 pips+ profit booked.Trade closed manually
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.