Technical Analysis of XAU/USD (Gold Spot vs. U.S. Dollar) - H1
The 1-hour XAU/USD chart shows a strong uptrend, key Fibonacci retracement and extension levels, liquidity voids, and trend channels. Let’s break it down step by step.
1. Trend Analysis
Overall Trend: Bullish – Gold has been making higher highs and higher lows, respecting an upward trendline.
Current Position: Price is near 2,861 USD, approaching key Fibonacci extensions and resistance zones.
Trendline Support: The price remains above the main ascending trendline, confirming continued bullish strength.
2. Fibonacci Levels & Key Price Zones
The Fibonacci retracement tool has been applied from a previous swing low to a swing high, highlighting key levels of support and resistance:
Fibonacci Retracement Levels (Support)
0.236 – 2,690.67 USD
0.382 – 2,708.96 USD (Liquidity void)
0.5 – 2,723.74 USD
0.618 – 2,748.79 USD
0.786 – 2,759.57 USD
1.0 – 2,786.37 USD (Key level for trend continuation)
These levels indicate where price may find support if a pullback occurs.
Fibonacci Extension Levels (Resistance)
1.272 – 2,820.45 USD (Recently broken)
1.414 – 2,838.23 USD (Next immediate resistance)
1.618 – 2,863.78 USD (Major resistance level – currently being tested)
If price sustains above 2,863 USD, the next upside targets could be 2,880 USD and 2,900 USD.
3. Liquidity & Volume Analysis
Liquidity Voids: These are areas where price moved quickly, leaving inefficiencies that the market may revisit.
Volume Delta: The chart shows significant buy-side pressure, with notable buy orders absorbing sell-side liquidity.
Sell Clusters: Some sell orders are present near 2,820 USD and 2,838 USD, indicating potential resistance.
4. Key Support & Resistance Levels
Support Zones:
2,820 USD – Previous resistance, now acting as support.
2,786 USD – Fibonacci 1.0 level and trendline support.
2,748-2,759 USD – Strong retracement zone.
Resistance Zones:
2,863 USD – Fibonacci 1.618 extension (currently tested).
2,880-2,900 USD – Next major psychological resistance.
5. Potential Trade Scenarios
Bullish Case (Breakout Above 2,863 USD)
If price breaks and sustains above 2,863 USD, it could rally toward 2,880-2,900 USD.
Buy entry above 2,864 USD, with stop-loss below 2,850 USD.
Bearish Case (Pullback to Support)
If price fails at 2,863 USD, a retracement to 2,820-2,786 USD is likely.
A break below 2,786 USD could accelerate selling toward 2,759 USD.
Conclusion
Gold is in a strong uptrend, but 2,863 USD is a key resistance.
A breakout above 2,863 USD could push prices to 2,880-2,900 USD.
A pullback to 2,820-2,786 USD would provide a buying opportunity.
Would you like a trade setup suggestion based on this? 🚀
XAU/USD (Gold Spot) Trade Setup – 1-Hour Chart
Since Gold is in a strong uptrend, we will focus on two potential trade setups:
1️⃣ Bullish Trade Setup (Breakout Above 2,863 USD)
📌 Entry: Above 2,864 USD (after confirmation of breakout)
🎯 Target 1: 2,880 USD
🎯 Target 2: 2,900 USD
🛑 Stop-Loss: Below 2,850 USD (recent support level)
📊 Risk-Reward Ratio: 1:2 or higher
🔹 Reasoning: If price breaks and sustains above the 1.618 Fibonacci extension (2,863 USD), it will likely push higher toward the next psychological resistance levels at 2,880-2,900 USD.
2️⃣ Bearish Trade Setup (Pullback to Support for Buy Opportunity)
📌 Entry: Around 2,820-2,786 USD (key support levels)
🎯 Target 1: 2,850 USD
🎯 Target 2: 2,863 USD
🛑 Stop-Loss: Below 2,775 USD (below trendline support)
📊 Risk-Reward Ratio: 1:2 or better
🔹 Reasoning: If price rejects 2,863 USD and pulls back, buyers are likely to step in around 2,820-2,786 USD (previous resistance turned support & Fibonacci level). This offers a great buy-the-dip opportunity.
Bonus Tip
📉 If price closes below 2,775 USD, the bullish setup is invalid, and we may see a deeper retracement toward 2,750-2,723 USD.
1. Trend Analysis
Overall Trend: Bullish – Gold has been making higher highs and higher lows, respecting an upward trendline.
Current Position: Price is near 2,861 USD, approaching key Fibonacci extensions and resistance zones.
Trendline Support: The price remains above the main ascending trendline, confirming continued bullish strength.
2. Fibonacci Levels & Key Price Zones
The Fibonacci retracement tool has been applied from a previous swing low to a swing high, highlighting key levels of support and resistance:
Fibonacci Retracement Levels (Support)
0.236 – 2,690.67 USD
0.382 – 2,708.96 USD (Liquidity void)
0.5 – 2,723.74 USD
0.618 – 2,748.79 USD
0.786 – 2,759.57 USD
1.0 – 2,786.37 USD (Key level for trend continuation)
These levels indicate where price may find support if a pullback occurs.
Fibonacci Extension Levels (Resistance)
1.272 – 2,820.45 USD (Recently broken)
1.414 – 2,838.23 USD (Next immediate resistance)
1.618 – 2,863.78 USD (Major resistance level – currently being tested)
If price sustains above 2,863 USD, the next upside targets could be 2,880 USD and 2,900 USD.
3. Liquidity & Volume Analysis
Liquidity Voids: These are areas where price moved quickly, leaving inefficiencies that the market may revisit.
Volume Delta: The chart shows significant buy-side pressure, with notable buy orders absorbing sell-side liquidity.
Sell Clusters: Some sell orders are present near 2,820 USD and 2,838 USD, indicating potential resistance.
4. Key Support & Resistance Levels
Support Zones:
2,820 USD – Previous resistance, now acting as support.
2,786 USD – Fibonacci 1.0 level and trendline support.
2,748-2,759 USD – Strong retracement zone.
Resistance Zones:
2,863 USD – Fibonacci 1.618 extension (currently tested).
2,880-2,900 USD – Next major psychological resistance.
5. Potential Trade Scenarios
Bullish Case (Breakout Above 2,863 USD)
If price breaks and sustains above 2,863 USD, it could rally toward 2,880-2,900 USD.
Buy entry above 2,864 USD, with stop-loss below 2,850 USD.
Bearish Case (Pullback to Support)
If price fails at 2,863 USD, a retracement to 2,820-2,786 USD is likely.
A break below 2,786 USD could accelerate selling toward 2,759 USD.
Conclusion
Gold is in a strong uptrend, but 2,863 USD is a key resistance.
A breakout above 2,863 USD could push prices to 2,880-2,900 USD.
A pullback to 2,820-2,786 USD would provide a buying opportunity.
Would you like a trade setup suggestion based on this? 🚀
XAU/USD (Gold Spot) Trade Setup – 1-Hour Chart
Since Gold is in a strong uptrend, we will focus on two potential trade setups:
1️⃣ Bullish Trade Setup (Breakout Above 2,863 USD)
📌 Entry: Above 2,864 USD (after confirmation of breakout)
🎯 Target 1: 2,880 USD
🎯 Target 2: 2,900 USD
🛑 Stop-Loss: Below 2,850 USD (recent support level)
📊 Risk-Reward Ratio: 1:2 or higher
🔹 Reasoning: If price breaks and sustains above the 1.618 Fibonacci extension (2,863 USD), it will likely push higher toward the next psychological resistance levels at 2,880-2,900 USD.
2️⃣ Bearish Trade Setup (Pullback to Support for Buy Opportunity)
📌 Entry: Around 2,820-2,786 USD (key support levels)
🎯 Target 1: 2,850 USD
🎯 Target 2: 2,863 USD
🛑 Stop-Loss: Below 2,775 USD (below trendline support)
📊 Risk-Reward Ratio: 1:2 or better
🔹 Reasoning: If price rejects 2,863 USD and pulls back, buyers are likely to step in around 2,820-2,786 USD (previous resistance turned support & Fibonacci level). This offers a great buy-the-dip opportunity.
Bonus Tip
📉 If price closes below 2,775 USD, the bullish setup is invalid, and we may see a deeper retracement toward 2,750-2,723 USD.
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
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.
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
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.