💎 Gold (XAU/USD) 1H Chart Analysis
The price is consolidating near a key demand zone with significant resistance levels overhead.
Key Observations:
📈 Resistance Zones:
• 2676.07 - 2689.69: A breakout above these levels could trigger bullish continuation.
📉 Support Levels:
• Immediate support at 2637.03.
• Strong demand zones near 2616.51 and 2606.10.
💡 Strategy Tip: Monitor for a breakout or rejection near the resistance zone. A pullback to the demand areas may offer potential buy opportunities.
What’s your outlook for gold this week—bullish or bearish? Let’s hear your thoughts! 🚀💬
#GoldTrading #XAUUSD #ForexAnalysis #TechnicalTrading #TradingView #ForexMarket #GoldInvesting
The price is consolidating near a key demand zone with significant resistance levels overhead.
Key Observations:
📈 Resistance Zones:
• 2676.07 - 2689.69: A breakout above these levels could trigger bullish continuation.
📉 Support Levels:
• Immediate support at 2637.03.
• Strong demand zones near 2616.51 and 2606.10.
💡 Strategy Tip: Monitor for a breakout or rejection near the resistance zone. A pullback to the demand areas may offer potential buy opportunities.
What’s your outlook for gold this week—bullish or bearish? Let’s hear your thoughts! 🚀💬
#GoldTrading #XAUUSD #ForexAnalysis #TechnicalTrading #TradingView #ForexMarket #GoldInvesting
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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.