🌀 XAUUSD 1H – Key Decision Point Ahead | Bullish or Bearish Continuation?
Gold is currently trading around the $3038 mark after a sharp bearish impulse. Price is now reacting to a significant demand zone near $3020–$3030, which has previously acted as support.
📍 Scenario 1 – Bullish Play:
If price holds above the $3030 zone, we could see a recovery toward the $3047–$3067 supply area.
A clean break and retest of $3067 could open the door for a bullish continuation toward the $3140–$3160 zone.
📍 Scenario 2 – Bearish Continuation:
A clean break below $3020 could trigger further downside.
Watch for a bearish retest of the broken structure, targeting $3000, and possibly $2960 liquidity levels below.
🔁 Bias: Neutral for now, awaiting a clear breakout and retest confirmation from the key levels.
🧠 Patience is key here—let price action guide your entry, especially around the $3020–$3047 reaction zone.
✅ Like, follow, and drop your thoughts in the comments — are you leaning bullish or bearish?
Gold is currently trading around the $3038 mark after a sharp bearish impulse. Price is now reacting to a significant demand zone near $3020–$3030, which has previously acted as support.
📍 Scenario 1 – Bullish Play:
If price holds above the $3030 zone, we could see a recovery toward the $3047–$3067 supply area.
A clean break and retest of $3067 could open the door for a bullish continuation toward the $3140–$3160 zone.
📍 Scenario 2 – Bearish Continuation:
A clean break below $3020 could trigger further downside.
Watch for a bearish retest of the broken structure, targeting $3000, and possibly $2960 liquidity levels below.
🔁 Bias: Neutral for now, awaiting a clear breakout and retest confirmation from the key levels.
🧠 Patience is key here—let price action guide your entry, especially around the $3020–$3047 reaction zone.
✅ Like, follow, and drop your thoughts in the comments — are you leaning bullish or bearish?
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.