Gold is on fire! 🔥 Currently trading around $2,919, the yellow metal is testing key Gann levels after an impressive bullish rally. The price recently broke above $2,901 (630° Gann level), showing strong momentum—so what’s next? Let’s break it down!
📊 Technical Breakdown:
🔹 Resistance Ahead: The next major hurdle is at $2,955 (720° Gann level). If we clear this zone, gold could aim for $3,000+ in the coming sessions. 🚀but that could be the top too!
🔹 Trend Strength: Price is respecting the ascending yellow channel, reinforcing the bullish trend. 📈
🔹 Key Support: Watch out for $2,847 (540° Gann level) and $2,794 (450° Gann level)—potential bounce zones if a pullback happens.
🏹 Potential Scenarios:
🟢 Bullish Case: Holding above $2,901 keeps the uptrend intact, with eyes on $2,955 and beyond. A clean breakout could send gold soaring past $3,000. 🚀
🔴 Bearish Case: Rejection from $2,955 and a break below $2,901 may lead to a dip toward $2,847 - $2,794. Losing these levels could push gold further down to $2,742 (360° Gann level).
Above is Showing important Fib 1.618 Level on the chart "2946.53" Hard Resistance and Target!
⚠️ Key Takeaway:
Gold remains strongly bullish, but we’re at a critical resistance zone. A breakout or rejection from $2,955 will determine the next big move! 📉📈
💬 What’s your take? Will gold smash through $2,955 and set new highs, or are we due for a pullback? Drop your thoughts below! ⬇️🔥
#Gold #XAUUSD #Trading #GannAnalysis #Forex 🚀
📊 Technical Breakdown:
🔹 Resistance Ahead: The next major hurdle is at $2,955 (720° Gann level). If we clear this zone, gold could aim for $3,000+ in the coming sessions. 🚀but that could be the top too!
🔹 Trend Strength: Price is respecting the ascending yellow channel, reinforcing the bullish trend. 📈
🔹 Key Support: Watch out for $2,847 (540° Gann level) and $2,794 (450° Gann level)—potential bounce zones if a pullback happens.
🏹 Potential Scenarios:
🟢 Bullish Case: Holding above $2,901 keeps the uptrend intact, with eyes on $2,955 and beyond. A clean breakout could send gold soaring past $3,000. 🚀
🔴 Bearish Case: Rejection from $2,955 and a break below $2,901 may lead to a dip toward $2,847 - $2,794. Losing these levels could push gold further down to $2,742 (360° Gann level).
Above is Showing important Fib 1.618 Level on the chart "2946.53" Hard Resistance and Target!
⚠️ Key Takeaway:
Gold remains strongly bullish, but we’re at a critical resistance zone. A breakout or rejection from $2,955 will determine the next big move! 📉📈
💬 What’s your take? Will gold smash through $2,955 and set new highs, or are we due for a pullback? Drop your thoughts below! ⬇️🔥
#Gold #XAUUSD #Trading #GannAnalysis #Forex 🚀
Note
Important to watch current 2865. could be good entry for long.Note
CongratsNote
2865 was That Channel too. Accuracy ;)
Note
Annnnnd the Channel Again ;)its Based on Gann not your classic channel that WHY!
Nice?
Trade closed: target reached
Hope you enjoyed that Chart. Reversed from Pre Decided level Exactly
currently trying to find support at 2901 Sharp .
if Closed below it, there is 2888
but wait chart purpose isn't over ;)
check it again later.
Note
Updated here:
Note
lovely chart.
Time is more important than price. When time is up price will reverse." – W. D.
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.
Time is more important than price. When time is up price will reverse." – W. D.
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.