XAUUSD. Forecast for the coming week. Gold at $3000?
The chart shows a clear uptrend overall, with a recent pullback.
Support and Resistance Levels
Primary Resistance: Around 2,880.00 - 2,885.00. This is a significant level where the price previously encountered selling pressure and was rejected.
Secondary Resistance: Near 2,900.00. This is a psychological level and a potential area of further resistance.
Primary Support: 2,850.00 - 2,855.00. This zone aligns with the current price and acted as resistance before, now potentially acting as support.
Secondary Support: 2,835.00 - 2,840.00. This level aligns with previous swing lows and could provide further support.
Potential Buying Area : 2,850.00 - 2,855.00. This zone is significant because:
It aligns with the primary support level.
It's where the price previously consolidated before breaking higher.
A successful retest of this zone as support could signal a continuation of the uptrend.
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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.