Gold (XAU/USD) Technical Analysis – 1H Chart
Key Levels:
- Weekly High: Resistance near $3,058
- Friday Daily High: Resistance at $3,047
- Friday Daily Low: Key support at $3,001
- Weekly Low: Strong support near $2,983
Market Structure:
- Gold has pulled back after reaching a weekly high and is currently testing a point of interest (POI) near the Friday daily low.
- The 200 EMA (blue line) is acting as dynamic support, aligning with the POI zone.
Trade Outlook:
- Bullish Scenario: If price holds above the $3,001 - $2,999 support zone, a move towards $3,047 and $3,058 could be expected.
- Bearish Scenario: A break below $2,980 may lead to further downside.
Conclusion:
Gold remains in a short-term retracement phase, and buyers need to defend the $3,001 level to maintain bullish momentum. A confirmed bounce from this zone could signal a continuation toward recent highs.
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Key Levels:
- Weekly High: Resistance near $3,058
- Friday Daily High: Resistance at $3,047
- Friday Daily Low: Key support at $3,001
- Weekly Low: Strong support near $2,983
Market Structure:
- Gold has pulled back after reaching a weekly high and is currently testing a point of interest (POI) near the Friday daily low.
- The 200 EMA (blue line) is acting as dynamic support, aligning with the POI zone.
Trade Outlook:
- Bullish Scenario: If price holds above the $3,001 - $2,999 support zone, a move towards $3,047 and $3,058 could be expected.
- Bearish Scenario: A break below $2,980 may lead to further downside.
Conclusion:
Gold remains in a short-term retracement phase, and buyers need to defend the $3,001 level to maintain bullish momentum. A confirmed bounce from this zone could signal a continuation toward recent highs.
If you enjoy, press the like button.
Trade active
Note
Note
Note
Amazing guys, 700 pips+ achieved, from 3005 to 3075.Note
finally 800 pips+ achieved , from 3005 to 3085. Trade closed: target reached
Finally trade closed with 1100 pips+ profits, from 3005 to 3115. 
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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.