📊 Gold (XAU/USD) Price Action Update 🎯
🔹 Current Price: 3,130.15
🔹 Timeframe: 1H
📌 Key Support Levels (Demand Zones):
🟢 3100-3107 – First Support (Waiting for Confirmation)
🟢 3066-3073 – Second Support
🟢 3048-3050 – Third Support
📈 Bullish Scenario:
If price holds above 3100, we might see a push towards 3150+ and beyond.
A breakout above 3155 could confirm a strong bullish continuation.
📉 Bearish Scenario:
If price breaks below 3100, the next support zones at 3066-3073 will be key reaction areas.
A break below 3066 could signal a deeper retracement towards 3048-3050.
⚡ Trading Tip:
✅ Look for confirmations before entering buy/sell trades.
✅ Watch for bullish rejection at demand zones for long positions.
✅ Sell near resistance with bearish confirmation.
#Gold #XAUUSD #ForexTrading #PriceAction #TechnicalAnalysis #SmartMoney #ForexSignals #GoldTrading #GoldBulls #GoldBears
🔹 Current Price: 3,130.15
🔹 Timeframe: 1H
📌 Key Support Levels (Demand Zones):
🟢 3100-3107 – First Support (Waiting for Confirmation)
🟢 3066-3073 – Second Support
🟢 3048-3050 – Third Support
📈 Bullish Scenario:
If price holds above 3100, we might see a push towards 3150+ and beyond.
A breakout above 3155 could confirm a strong bullish continuation.
📉 Bearish Scenario:
If price breaks below 3100, the next support zones at 3066-3073 will be key reaction areas.
A break below 3066 could signal a deeper retracement towards 3048-3050.
⚡ Trading Tip:
✅ Look for confirmations before entering buy/sell trades.
✅ Watch for bullish rejection at demand zones for long positions.
✅ Sell near resistance with bearish confirmation.
#Gold #XAUUSD #ForexTrading #PriceAction #TechnicalAnalysis #SmartMoney #ForexSignals #GoldTrading #GoldBulls #GoldBears
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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.