Gold (XAU/USD) 1H Chart Analysis
**Bullish Scenario (📈 Uptrend Potential)**
- **Key Resistance:** $3,030
- **Support Holding:** Price found support around $3,000 and is attempting to recover.
- **EMA Support:** If price reclaims above the **21 EMA ($3,025)** and **50 EMA ($3,030)**, bullish momentum could build.
- **Breakout Confirmation:** A clear break above $3,030 with strong volume could push gold toward the **$3,050-$3,060** zone.
- **Buy Trigger:** A higher low formation around **$3,018-$3,020** with bullish confirmation signals.
**Bearish Scenario (📉 Downtrend Risk)**
- **Key Support:** $3,000
- **Resistance Rejection:** Price is testing the **$3,025-$3,030 resistance zone**, and failure to break could lead to another rejection.
- **EMA Resistance:** If gold stays below **$3,025**, sellers might regain control.
- **Breakdown Confirmation:** A drop below **$3,000-$2,995** could trigger further losses toward the **$2,980-$2,960** support zone.
- **Sell Trigger:** A clear break and close below $3,000 with increased volume.
📌 **Conclusion:**
- **Above $3,030 = Bullish potential toward $3,060**
- **Below $3,000 = Bearish breakdown toward $2,980**
- **Current Trend:** Range-bound with short-term recovery attempts.https://www.tradingview.com/x/3O8yOzKe/
**Bullish Scenario (📈 Uptrend Potential)**
- **Key Resistance:** $3,030
- **Support Holding:** Price found support around $3,000 and is attempting to recover.
- **EMA Support:** If price reclaims above the **21 EMA ($3,025)** and **50 EMA ($3,030)**, bullish momentum could build.
- **Breakout Confirmation:** A clear break above $3,030 with strong volume could push gold toward the **$3,050-$3,060** zone.
- **Buy Trigger:** A higher low formation around **$3,018-$3,020** with bullish confirmation signals.
**Bearish Scenario (📉 Downtrend Risk)**
- **Key Support:** $3,000
- **Resistance Rejection:** Price is testing the **$3,025-$3,030 resistance zone**, and failure to break could lead to another rejection.
- **EMA Resistance:** If gold stays below **$3,025**, sellers might regain control.
- **Breakdown Confirmation:** A drop below **$3,000-$2,995** could trigger further losses toward the **$2,980-$2,960** support zone.
- **Sell Trigger:** A clear break and close below $3,000 with increased volume.
📌 **Conclusion:**
- **Above $3,030 = Bullish potential toward $3,060**
- **Below $3,000 = Bearish breakdown toward $2,980**
- **Current Trend:** Range-bound with short-term recovery attempts.https://www.tradingview.com/x/3O8yOzKe/
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.
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.