Gold (XAU/USD) Technical Analysis – 1H Chart
Price is currently reacting within the Point of Interest (POI) zone, which aligns with a key demand area. A bullish rejection from this level could push price toward the Target Area near 2,948.
Key levels to watch:
- Support Zone: 2,907 - 2,893
- Resistance/Target: 2,947 - 2,948
A break below the POI could invalidate bullish momentum, leading to further downside. Monitor price action for confirmation.
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