Technical Analysis for Gold Spot (XAU/USD)

26 déc. 2024

The chart provides a 1-hour time frame for Gold Spot against the US Dollar (XAU/USD). Let’s analyze the technical aspects with bullish and bearish scenarios, as well as probable entry and exit points.

1. Key Observations:
Current Price: $2,624.94
Major Resistance: $2,631.46
Support Zones: $2,590–$2,600, $2,560–$2,570
Volume Insights:
Delta Volume: The buying volume is higher (65.19%), indicating bullish attempts, but sellers are present near resistance.
Selling Pressure at Resistance: Noticeable resistance around $2,631.46 with significant sell orders.
2. Bullish Scenario:
If buyers continue to dominate, breaking the resistance at $2,631.46 can lead to further upside momentum.

Key Bullish Indicators:
Trendline Support: The price is respecting the ascending trendline (red diagonal line), which is a bullish structure.
Delta Volume Imbalance: The buy delta of 65.19% suggests strong bullish interest.
Price Action: The price is hovering near resistance, potentially gearing up for a breakout.
Entry Point:
Aggressive Entry: Enter near $2,624 on minor pullbacks with stops below the ascending trendline ($2,615).
Conservative Entry: Wait for a confirmed breakout above $2,631.46, followed by a retest.
Take Profit Levels:
Short-Term Target: $2,640 (7–11% potential gain based on momentum).
Extended Target: $2,680 (around the next resistance zone).
Stop Loss:
Place stop-loss around $2,615 or just below the ascending trendline to manage risk.
3. Bearish Scenario:
Failure to break above $2,631.46 could lead to a downside correction.

Key Bearish Indicators:
Overhead Resistance: $2,631.46 is acting as a key resistance zone, and repeated failures to breach it can trigger bearish momentum.
Exhaustion Near Resistance: Sellers are actively defending the $2,631 zone, as seen from the sell delta.
Trendline Risk: A break below the ascending trendline could lead to a retest of lower support zones.
Entry Point:
Aggressive Entry: Enter short near $2,631 if a rejection occurs, with stops above $2,635.
Conservative Entry: Wait for a breakdown below $2,615 (ascending trendline).
Take Profit Levels:
Short-Term Target: $2,600 (near the first support zone).
Extended Target: $2,560 (strong historical demand area).
Stop Loss:
Place stop-loss around $2,635 or above the resistance zone to mitigate risk.
4. Neutral Zone:
If the price remains between $2,615 and $2,631, it signals indecision.
Traders may look for further volume or candlestick confirmation to act decisively.
Conclusion:
Bullish Bias: Above $2,631.46 with targets at $2,640 and $2,680.
Bearish Bias: Below $2,615 with targets at $2,600 and $2,560.
Volume Confirmation: Monitor buy/sell volume to confirm breakouts or rejections at critical levels.
Let me know if you want further clarifications or real-time insights!