#XAUUSD 1H
#XAUUSD 1H
1. Key Price Levels
• Current Price: $2,910.610
• Immediate Resistance: $2,914.365
• Immediate Support: $2,906.525
• Major Supply Zone: $2,936 – $2,944 (Marked in blue)
• Major Demand Zone: $2,890 – $2,898 (Marked in blue)
2. Market Structure & Price Action
• Recent Momentum: Price has been moving in an upward correction after a sharp sell-off, forming a minor consolidation near resistance.
• Rejection at Resistance: The current price action is struggling to break $2,914.365, showing early signs of exhaustion.
• Bullish or Bearish Confirmation Pending: The price is at a decision point – it can either break out higher or reject and retrace lower
Conclusion
• The market is at a critical resistance level ($2,914.365).
• A breakout could drive price toward the $2,936 – $2,944 supply zone.
• A failure to break resistance could lead to a pullback toward $2,890 – $2,898.
1. Key Price Levels
• Current Price: $2,910.610
• Immediate Resistance: $2,914.365
• Immediate Support: $2,906.525
• Major Supply Zone: $2,936 – $2,944 (Marked in blue)
• Major Demand Zone: $2,890 – $2,898 (Marked in blue)
2. Market Structure & Price Action
• Recent Momentum: Price has been moving in an upward correction after a sharp sell-off, forming a minor consolidation near resistance.
• Rejection at Resistance: The current price action is struggling to break $2,914.365, showing early signs of exhaustion.
• Bullish or Bearish Confirmation Pending: The price is at a decision point – it can either break out higher or reject and retrace lower
Conclusion
• The market is at a critical resistance level ($2,914.365).
• A breakout could drive price toward the $2,936 – $2,944 supply zone.
• A failure to break resistance could lead to a pullback toward $2,890 – $2,898.
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.