"Gold (XAU/USD) Breaks Key Support – short term targets
The 1-hour chart for XAU/USD shows a potential bearish setup with a recent breakout below a key support level. The price is currently hovering around 2,857, with a strong downward move anticipated if the breakdown sustains. The marked "Breakout Below" indicates a possible continuation toward the first target around 2,850, and if further selling pressure persists, the second target near 2,835 may be reached.
The previous bullish structure saw multiple breakouts and changes in character (ChoCh), but the current price action suggests a shift in momentum. If price fails to reclaim previous levels, a deeper correction could be in play.
The previous bullish structure saw multiple breakouts and changes in character (ChoCh), but the current price action suggests a shift in momentum. If price fails to reclaim previous levels, a deeper correction could be in play.
Transaction en cours
congratulation 1st target achieved Trade fermée: cible de profit atteinte
Congratulations Almost 2nd Target Achieved🥰
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If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.