🔹Technical Analysis of Gold (XAU/USD) - 1H Chart
▪️ Key Levels:
- Resistance Zone: 2,926.704 USD (Marked in red)
- 1st Target (Support Level): 2,899.780 USD
- 2nd Target (Support Level): 2,880.499 USD
▪️Analysis:
1. Resistance Zone & Potential Rejection:
- The red-shaded area highlights a strong resistance zone around 2,926.704 USD.
- Historically, price has struggled to break above this level, indicating a supply zone where sellers are active.
- The price attempted to break this area but faced rejection, signaling bearish pressure.
2. Projected Price Action:
- The chart suggests that if price retests the resistance zone and fails to break above it, a further downside move is expected.
- A lower high formation within this zone would confirm a continuation of the downtrend.
3. Bearish Targets:
- First target: 2,899.780 USD (Key support level)
- Second target: 2,880.499 USD (Stronger support, potential bounce zone)
4. Volume Analysis:
- The volume bars at the bottom indicate selling momentum is increasing, supporting the bearish outlook.
🔹Conclusion:
- Bearish Bias: If the price fails to break the 2,926.704 resistance, a drop towards 2,899.780 and potentially 2,880.499 is likely.
- Invalidation: A clear breakout above the resistance zone would invalidate the bearish scenario, potentially leading to a bullish push towards higher levels.
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▪️ Key Levels:
- Resistance Zone: 2,926.704 USD (Marked in red)
- 1st Target (Support Level): 2,899.780 USD
- 2nd Target (Support Level): 2,880.499 USD
▪️Analysis:
1. Resistance Zone & Potential Rejection:
- The red-shaded area highlights a strong resistance zone around 2,926.704 USD.
- Historically, price has struggled to break above this level, indicating a supply zone where sellers are active.
- The price attempted to break this area but faced rejection, signaling bearish pressure.
2. Projected Price Action:
- The chart suggests that if price retests the resistance zone and fails to break above it, a further downside move is expected.
- A lower high formation within this zone would confirm a continuation of the downtrend.
3. Bearish Targets:
- First target: 2,899.780 USD (Key support level)
- Second target: 2,880.499 USD (Stronger support, potential bounce zone)
4. Volume Analysis:
- The volume bars at the bottom indicate selling momentum is increasing, supporting the bearish outlook.
🔹Conclusion:
- Bearish Bias: If the price fails to break the 2,926.704 resistance, a drop towards 2,899.780 and potentially 2,880.499 is likely.
- Invalidation: A clear breakout above the resistance zone would invalidate the bearish scenario, potentially leading to a bullish push towards higher levels.
😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
註釋
gold price still in range , still waiting for price come into our selling zone.取消訂單
PRICE NOT COME TO OUR AREA AND HIT OUR TARGETS.註釋
the next day price come to our area , selling zone and give us to sell targets ahead, and now enjoy 400 pips+ profits.
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