This 1-hour chart of Gold (XAU/USD) presents a detailed technical outlook showing a bullish breakout from a downtrend, followed by a strong rally, and a potential upcoming retracement.
Key highlights from the chart:
- The price previously broke out from a descending trendline, confirmed by the breakout above the 3,132.939 resistance level, followed by a continuation of the uptrend.
- The chart shows multiple FVGs (Fair Value Gaps) and support/resistance zones, which have been respected throughout the price movement.
- After bottoming out around 2,974.936, Gold began a bullish rally, forming higher highs and breaking past the 3,067.613 and 3,139.363 levels.
- The recent high around 3,220 marks a resistance zone, where price has currently stalled and is showing …
The volume profile shows a strong increase during bullish movements, indicating strong buyer interest. Traders will be watching the 3,168–3,150 zone closely—if it holds as support, it may offer a fresh opportunity for long positions toward a retest of 3,220 or higher. However, a break below this zone could signal a deeper correction.
Summary:
- Trend: Bullish
- Current Action: Pullback from resistance
- Watch Support: 3,168.521
- Potential Setup: Buy on pullback if support holds, otherwise wait for confirmation before re-entry.
Key highlights from the chart:
- The price previously broke out from a descending trendline, confirmed by the breakout above the 3,132.939 resistance level, followed by a continuation of the uptrend.
- The chart shows multiple FVGs (Fair Value Gaps) and support/resistance zones, which have been respected throughout the price movement.
- After bottoming out around 2,974.936, Gold began a bullish rally, forming higher highs and breaking past the 3,067.613 and 3,139.363 levels.
- The recent high around 3,220 marks a resistance zone, where price has currently stalled and is showing …
The volume profile shows a strong increase during bullish movements, indicating strong buyer interest. Traders will be watching the 3,168–3,150 zone closely—if it holds as support, it may offer a fresh opportunity for long positions toward a retest of 3,220 or higher. However, a break below this zone could signal a deeper correction.
Summary:
- Trend: Bullish
- Current Action: Pullback from resistance
- Watch Support: 3,168.521
- Potential Setup: Buy on pullback if support holds, otherwise wait for confirmation before re-entry.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.