This 30-minute chart of Gold (XAU/USD) shows a clear consolidation pattern forming after a recent downtrend from the 3,450 zone. The price is currently ranging within a horizontal support-resistance box near the 3,370–3,390 area, with previous bullish momentum broken by a downward trendline.
The key support zone is highlighted in yellow, suggesting a potential decision point. The two arrows indicate a possible breakout scenario:
A bullish breakout back toward 3,400+ if support holds
A bearish continuation if price closes below the support zone
Traders are likely watching this zone closely for confirmation of direction, as a breakout could signal the next significant move.
The key support zone is highlighted in yellow, suggesting a potential decision point. The two arrows indicate a possible breakout scenario:
A bullish breakout back toward 3,400+ if support holds
A bearish continuation if price closes below the support zone
Traders are likely watching this zone closely for confirmation of direction, as a breakout could signal the next significant move.
Trade active
Trade closed: target reached
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t.me/+YwLgml0NKSk1NDI0
✔All Pair Signals Provides
✔XAUUSD EXPERT
✔CONTACT +447543941879
✔REGISTERED UNDER THIS BROKER
partners.vantagemarkets.com/ib-cpa-register/?url=ib&affid=7264705
✔Referral code 7264705
✔All Pair Signals Provides
✔XAUUSD EXPERT
✔CONTACT +447543941879
✔REGISTERED UNDER THIS BROKER
partners.vantagemarkets.com/ib-cpa-register/?url=ib&affid=7264705
✔Referral code 7264705
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.