📊 XAU/USD Price Action Update – April 8, 2025 🎯
🔹 Current Price: 3,015.855
🔹 Timeframe: 1H
📌 Key Support Level (Demand Zone):
🟢 2,956.401 – Major Demand Zone (Previous Rejection Area)
📌 Key Resistance Levels (Supply Zones):
🔴 3,038.382 – First Resistance (Supply Zone)
🔴 3,057.539 – Major Resistance (Wait for Confirmation Zone)
📈 Bullish Scenario:
If price maintains bullish momentum, we may see a move into the 3,038.382–3,057.539 supply zone.
Clear breakout above 3,057.539 could signal a new bullish leg.
📉 Bearish Scenario:
Failure to break above the resistance zone and a bearish reaction could send price back toward the demand zone near 2,956.401.
Look for rejection signs or bearish engulfing patterns near resistance for potential shorts.
⚡ Trading Tip:
✅ Wait for confirmation (e.g., rejection wicks or bearish engulfing) at the resistance zone before shorting.
✅ Use proper risk-reward ratio setups near the demand zone for any buy positions.
✅ Monitor price closely inside supply for fakeouts.
#XAUUSD #GoldAnalysis #ForexTrading #PriceAction #TechnicalAnalysis #SmartMoneyConcepts #SupplyAndDemand #IntradayTrading #ScalpingSetup #GoldBulls #GoldBears #FVG #LiquiditySweep #MarketStructureBreak #BreakoutStrategy #ForexMarket
🔹 Current Price: 3,015.855
🔹 Timeframe: 1H
📌 Key Support Level (Demand Zone):
🟢 2,956.401 – Major Demand Zone (Previous Rejection Area)
📌 Key Resistance Levels (Supply Zones):
🔴 3,038.382 – First Resistance (Supply Zone)
🔴 3,057.539 – Major Resistance (Wait for Confirmation Zone)
📈 Bullish Scenario:
If price maintains bullish momentum, we may see a move into the 3,038.382–3,057.539 supply zone.
Clear breakout above 3,057.539 could signal a new bullish leg.
📉 Bearish Scenario:
Failure to break above the resistance zone and a bearish reaction could send price back toward the demand zone near 2,956.401.
Look for rejection signs or bearish engulfing patterns near resistance for potential shorts.
⚡ Trading Tip:
✅ Wait for confirmation (e.g., rejection wicks or bearish engulfing) at the resistance zone before shorting.
✅ Use proper risk-reward ratio setups near the demand zone for any buy positions.
✅ Monitor price closely inside supply for fakeouts.
#XAUUSD #GoldAnalysis #ForexTrading #PriceAction #TechnicalAnalysis #SmartMoneyConcepts #SupplyAndDemand #IntradayTrading #ScalpingSetup #GoldBulls #GoldBears #FVG #LiquiditySweep #MarketStructureBreak #BreakoutStrategy #ForexMarket
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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.