Gold is currently consolidating within the narrow range of 3425–3430, following a strong uptrend. Price action remains bullish overall; however, the market is currently pausing below immediate resistance.
📊 Key Observations:
Trend: Market structure remains in an uptrend.
RSI (14): The RSI on the 1H timeframe is in the overbought zone, suggesting that momentum may be cooling off short term.
Support Zone: If the H1 candle closes below 3420, it may indicate weakness, potentially triggering a pullback toward the support zone between 3385–3370.
Upside Potential: A confirmed break above 3430 with strong momentum could open the path toward the next resistance levels at 3450 and 3465.
🕵️♂️ What to Watch:
1H candle close above 3430 = continuation bias
1H candle close below 3420 = possible retracement
RSI divergence or volume confirmation for breakout or reversal signals
This is a technical perspective only and not financial advice. Always manage your risk appropriately.
📊 Key Observations:
Trend: Market structure remains in an uptrend.
RSI (14): The RSI on the 1H timeframe is in the overbought zone, suggesting that momentum may be cooling off short term.
Support Zone: If the H1 candle closes below 3420, it may indicate weakness, potentially triggering a pullback toward the support zone between 3385–3370.
Upside Potential: A confirmed break above 3430 with strong momentum could open the path toward the next resistance levels at 3450 and 3465.
🕵️♂️ What to Watch:
1H candle close above 3430 = continuation bias
1H candle close below 3420 = possible retracement
RSI divergence or volume confirmation for breakout or reversal signals
This is a technical perspective only and not financial advice. Always manage your risk appropriately.
Trade closed: target reached
Gold (XAUUSD) Analysis UpdateThe H1 candle failed to break above the upper resistance level, leading to a strong bearish momentum. As a result, our predefined target was successfully achieved.
📉 Bearish structure confirmed
✅ Target hit as expected
We’ll continue to monitor for the next potential setup based on upcoming price action.
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Join Our Partner recommended Broker Deposit More Then $100 And Get VIP (Paid) Room 1 month free
⌛Partner Link Vantage✅️
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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.