📊 XAU/USD - 1H Chart Analysis
🔹 Current Price: $2,911
🔹 Market Structure: Sideways with key liquidity zones
📍 Key Resistance Zone (Potential Short Entry):
$2,934 - $2,943 → Strong supply zone
📍 Key Support Zones (Potential Buy Zones):
$2,895 - $2,897 → Fibonacci golden zone (0.618 - 0.786)
$2,881 - $2,884 → Important demand zone
$2,867 - $2,872 → Liquidity area for a possible bounce
$2,851 - $2,856 → Major Fair Value Gap (FVG) & demand
📉 Bearish Scenario:
🔻 If price rejects from $2,920 - $2,923, we could see a drop toward $2,895 and lower levels.
🔻 If price breaks below $2,892, expect a move toward $2,881 - $2,872.
📈 Bullish Scenario:
✅ If price holds above $2,895 - $2,897, we may see a push back toward $2,920 - $2,925.
✅ A breakout above $2,934 could target $2,950+ levels.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmation around $2,895 - $2,884.
🎯 Sell Setup: Watch for rejection at $2,920 - $2,934.
🎯 Manage risk with SL below support or above resistance zones.
#Gold #XAUUSD #SmartMoney #ForexTrading #TechnicalAnalysis 🚀
🔹 Current Price: $2,911
🔹 Market Structure: Sideways with key liquidity zones
📍 Key Resistance Zone (Potential Short Entry):
$2,934 - $2,943 → Strong supply zone
📍 Key Support Zones (Potential Buy Zones):
$2,895 - $2,897 → Fibonacci golden zone (0.618 - 0.786)
$2,881 - $2,884 → Important demand zone
$2,867 - $2,872 → Liquidity area for a possible bounce
$2,851 - $2,856 → Major Fair Value Gap (FVG) & demand
📉 Bearish Scenario:
🔻 If price rejects from $2,920 - $2,923, we could see a drop toward $2,895 and lower levels.
🔻 If price breaks below $2,892, expect a move toward $2,881 - $2,872.
📈 Bullish Scenario:
✅ If price holds above $2,895 - $2,897, we may see a push back toward $2,920 - $2,925.
✅ A breakout above $2,934 could target $2,950+ levels.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmation around $2,895 - $2,884.
🎯 Sell Setup: Watch for rejection at $2,920 - $2,934.
🎯 Manage risk with SL below support or above resistance zones.
#Gold #XAUUSD #SmartMoney #ForexTrading #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.