XAUUSD / BREAKOUT THE SUPPORT TRENDLINE / 4H
XAUUSD / 4H TIME FRAME
HELLO TRADERS
Target Achievement , The analysis mentions a prior target of +430 pip profit, with the price currently yielding a 1.58% rate. This suggests that an expected price decline has already occurred and reached a specific profit target.
Demand Zones , The current demand zone is between $2,659 and $2,649. If prices stabilize above or within this range, there may be an opportunity for prices to rebound and move towards a higher range , If prices break below this demand zone, a further decline is anticipated toward a lower demand zone between $2,618 and $2,604.
Supply Zones , If prices rise, the target supply zone is set between $2,687 and $2,710.
For an uptrend to be confirmed, prices would need to break and stabilize above this supply zone, indicating potential for further upward movement.
Overall Trend , Despite potential rebounds within the specified zones, the asset is noted as trading “under downward pressure,” suggesting an overall bearish outlook unless key supply or demand zones are broken in favor of a trend reversal.
HELLO TRADERS
Target Achievement , The analysis mentions a prior target of +430 pip profit, with the price currently yielding a 1.58% rate. This suggests that an expected price decline has already occurred and reached a specific profit target.
Demand Zones , The current demand zone is between $2,659 and $2,649. If prices stabilize above or within this range, there may be an opportunity for prices to rebound and move towards a higher range , If prices break below this demand zone, a further decline is anticipated toward a lower demand zone between $2,618 and $2,604.
Supply Zones , If prices rise, the target supply zone is set between $2,687 and $2,710.
For an uptrend to be confirmed, prices would need to break and stabilize above this supply zone, indicating potential for further upward movement.
Overall Trend , Despite potential rebounds within the specified zones, the asset is noted as trading “under downward pressure,” suggesting an overall bearish outlook unless key supply or demand zones are broken in favor of a trend reversal.
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