Gold

xauusd 1h chart look

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1. Trend Structure:

Price is moving within a well-defined downward-sloping channel.

It’s respecting both the upper resistance and lower support of the channel.



2. Current Position:

Price has bounced from the lower boundary of the channel.

It’s now testing the midline or approaching the upper resistance.



3. Potential Scenarios:

🔼 Bullish Case: If price breaks above the upper trendline, it could signal a short-term reversal or bullish breakout.

Target zones could be: 3,370 → 3,390 → 3,410.


🔽 Bearish Continuation: If price gets rejected from the upper channel, we may see a return to the lower support around 3,330 or even lower.




Strategy Suggestion:

Wait for confirmation of a breakout above the channel before entering a buy.

If rejected, selling with a stop above the channel might be safer for a short-term trade.


Let me know if you want a written analysis in Urdu or a trading plan with SL/TP (stop-loss / take-profit) levels.

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