📊 Gold (XAU/USD) Price Action Update 🏆
🔹 Current Price: 3,030
🔹 Timeframe: 1H
📌 Key Levels:
🔴 Best Selling Area: 3,044 - 3,046
🟢 Best Buying Area: 3,007 - 3,011
📈 Bullish Scenario:
If price breaks above 3,038 with strong momentum, it could head toward the 3,044 - 3,046 resistance zone, where sellers may take control.
A clean break and retest of 3,046+ could push gold higher.
📉 Bearish Scenario:
If price rejects resistance (3,044 - 3,046), expect a drop towards 3,030, followed by 3,011 - 3,007 (best buying area).
A strong rejection from 3,038 might indicate a reversal.
⚡ Trading Tip:
Sell near resistance if rejection occurs.
Buy near support with bullish confirmation.
Wait for confirmation before entering trades!
#XAUUSD #GoldTrading #SmartMoney #PriceAction #ForexSignals #MarketAnalysis #TechnicalAnalysis
🔹 Current Price: 3,030
🔹 Timeframe: 1H
📌 Key Levels:
🔴 Best Selling Area: 3,044 - 3,046
🟢 Best Buying Area: 3,007 - 3,011
📈 Bullish Scenario:
If price breaks above 3,038 with strong momentum, it could head toward the 3,044 - 3,046 resistance zone, where sellers may take control.
A clean break and retest of 3,046+ could push gold higher.
📉 Bearish Scenario:
If price rejects resistance (3,044 - 3,046), expect a drop towards 3,030, followed by 3,011 - 3,007 (best buying area).
A strong rejection from 3,038 might indicate a reversal.
⚡ Trading Tip:
Sell near resistance if rejection occurs.
Buy near support with bullish confirmation.
Wait for confirmation before entering trades!
#XAUUSD #GoldTrading #SmartMoney #PriceAction #ForexSignals #MarketAnalysis #TechnicalAnalysis
fxforever
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.
fxforever
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.