"🚀 XAU/U📢 Gold (XAU/USD) Update – 1H Chart 🚀
✅ Gold has hit a new high of $3,080!
🔹 Price has broken above the previous high and is now testing a weak high zone.
🔹 Key Levels to Watch
🔹 Resistance: $3,080 - Weak high (Potential reversal or breakout zone).
🔹 Support:
$3,059.69 (Previous BOS – Break of Structure).
$3,037.41 (Major support).
$3,001.90 (Strong low – buyers may step in).
🔹 Possible Price Scenarios
1️⃣ Bullish Case 🚀: If price breaks & holds above $3,080, we could see further upside movement towards $3,100+.
2️⃣ Bearish Case 📉: If price fails at $3,080, expect a retracement towards $3,059 or lower to $3,037.
🎯 Trade Plan
✅ Look for bullish confirmation above $3,080 before entering long trades.
✅ Watch for rejection signs around weak high for possible short setups.
✅ Key retracement levels: $3,059 - $3,037 could act as a buy zone if price pulls back.SD Hits $3,080 | Key Levels & Next Move Explained! 📉📈"
✅ Gold has hit a new high of $3,080!
🔹 Price has broken above the previous high and is now testing a weak high zone.
🔹 Key Levels to Watch
🔹 Resistance: $3,080 - Weak high (Potential reversal or breakout zone).
🔹 Support:
$3,059.69 (Previous BOS – Break of Structure).
$3,037.41 (Major support).
$3,001.90 (Strong low – buyers may step in).
🔹 Possible Price Scenarios
1️⃣ Bullish Case 🚀: If price breaks & holds above $3,080, we could see further upside movement towards $3,100+.
2️⃣ Bearish Case 📉: If price fails at $3,080, expect a retracement towards $3,059 or lower to $3,037.
🎯 Trade Plan
✅ Look for bullish confirmation above $3,080 before entering long trades.
✅ Watch for rejection signs around weak high for possible short setups.
✅ Key retracement levels: $3,059 - $3,037 could act as a buy zone if price pulls back.SD Hits $3,080 | Key Levels & Next Move Explained! 📉📈"
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.