XAU/USD Technical Analysis (30-Minute Chart)
This chart shows a bullish breakout setup for Gold (XAU/USD) based on recent price action and technical indicators:
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🔻 Support Zone & Trend Line:
A descending support trend line has been drawn from earlier lows, showing a falling wedge structure.
The key support zone between 3,367.825 and 3,388.370 has held firmly, confirming demand in this range.
📈 Bullish Reversal Formation:
Price bounced off the support zone, suggesting a potential reversal.
A breakout above the horizontal resistance near 3,388.370 is projected, with bullish momentum forming.
🎯 Target Levels:
Immediate resistance: Around 3,388.370, which price is currently testing.
Primary target: The yellow resistance zone near 3,449.485—if broken, it may confirm a strong upward trend.
📊 Volume Profile:
Volume bars on the right show higher trading activity above 3,400, indicating potential resistance in that region.
📝 Summary: Gold is showing signs of a bullish reversal from the support trend line and key demand zone. A sustained move above 3,388.370 may lead to a rally toward the 3,449.485 resistance area.
This chart shows a bullish breakout setup for Gold (XAU/USD) based on recent price action and technical indicators:
---
🔻 Support Zone & Trend Line:
A descending support trend line has been drawn from earlier lows, showing a falling wedge structure.
The key support zone between 3,367.825 and 3,388.370 has held firmly, confirming demand in this range.
📈 Bullish Reversal Formation:
Price bounced off the support zone, suggesting a potential reversal.
A breakout above the horizontal resistance near 3,388.370 is projected, with bullish momentum forming.
🎯 Target Levels:
Immediate resistance: Around 3,388.370, which price is currently testing.
Primary target: The yellow resistance zone near 3,449.485—if broken, it may confirm a strong upward trend.
📊 Volume Profile:
Volume bars on the right show higher trading activity above 3,400, indicating potential resistance in that region.
📝 Summary: Gold is showing signs of a bullish reversal from the support trend line and key demand zone. A sustained move above 3,388.370 may lead to a rally toward the 3,449.485 resistance area.
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.