📉 Gold (XAU/USD) - 30M Chart Analysis
📊 Current Price: 3,035.505
📍 Market Outlook: Bullish momentum but facing resistance
✅ Key Levels to Watch:
🔹 Resistance Zone: 3,049.000 (Breakout level for further upside)
🔹 Support Zones:
3,028.507 (First demand zone)
3,020.391 (Second demand zone)
3,005.130 - 3,002.162 (Major support)
2,981.562 - 2,978.333 (Critical support)
📈 Bullish Scenario:
If price holds above 3,028.507, it may continue towards 3,049.000
A breakout above 3,049.000 could trigger further upside momentum
📉 Bearish Scenario:
Failure to hold 3,028.507 could lead to a drop towards 3,020.391
If price falls below 3,005.130, bearish momentum may increase
⚡ Trade Idea:
🔴 Sell below 3,028.507 targeting 3,020.391 with SL above 3,035.505
🟢 Buy above 3,028.507 targeting 3,049.000 with SL below 3,020.391
📢 Risk Management: Always use stop-loss and proper risk-reward!
#XAUUSD #GoldTrading #Forex #PriceAction #SupportResistance #SmartMoney #Liquidity #FXFOREVER
📊 Current Price: 3,035.505
📍 Market Outlook: Bullish momentum but facing resistance
✅ Key Levels to Watch:
🔹 Resistance Zone: 3,049.000 (Breakout level for further upside)
🔹 Support Zones:
3,028.507 (First demand zone)
3,020.391 (Second demand zone)
3,005.130 - 3,002.162 (Major support)
2,981.562 - 2,978.333 (Critical support)
📈 Bullish Scenario:
If price holds above 3,028.507, it may continue towards 3,049.000
A breakout above 3,049.000 could trigger further upside momentum
📉 Bearish Scenario:
Failure to hold 3,028.507 could lead to a drop towards 3,020.391
If price falls below 3,005.130, bearish momentum may increase
⚡ Trade Idea:
🔴 Sell below 3,028.507 targeting 3,020.391 with SL above 3,035.505
🟢 Buy above 3,028.507 targeting 3,049.000 with SL below 3,020.391
📢 Risk Management: Always use stop-loss and proper risk-reward!
#XAUUSD #GoldTrading #Forex #PriceAction #SupportResistance #SmartMoney #Liquidity #FXFOREVER
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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.