Gold (XAU/USD) – 1H Technical Analysis
- Resistance Zone: Strong rejection near $2,920-$2,930, indicating selling pressure.
- Support Zone: Holding at $2,891-$2,902, a key level for buyers.
- Trade Setup: A break and retest of support could confirm a move toward the $2,850-$2,848 target area.
- Outlook: If support holds, expect a potential bounce. A breakout above resistance may trigger bullish momentum.
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- Resistance Zone: Strong rejection near $2,920-$2,930, indicating selling pressure.
- Support Zone: Holding at $2,891-$2,902, a key level for buyers.
- Trade Setup: A break and retest of support could confirm a move toward the $2,850-$2,848 target area.
- Outlook: If support holds, expect a potential bounce. A breakout above resistance may trigger bullish momentum.
If you enjoy, press the like button.
Trade active
FROM 2924 RESISTANCE AREA.Trade closed manually
200 Pips+ profit booked, from 2924 to 2904.
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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.
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.