Technical analysis of Gold (XAU/USD) 1-hour chart analysis, showing a critical decision zone with two possible scenarios: a bullish bounce or a bearish continuation. Here's a breakdown of the idea illustrated in the chart:
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> Gold is approaching a key zone (order block), with a potential for either a strong bullish reversal or a breakdown toward a lower support level.
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Key Technical Highlights
1. Order Block (Supply/Demand Zone)
A horizontal gray zone is marked as an "order block" — a price area where previous aggressive buying occurred.
Price is currently revisiting this zone, marked with a yellow circle, signaling a potential reaction point.
2. Support & Resistance
Support level: Marked around $3,370 - $3,360.
Deeper target support: $3,333.827, shown as a downside target point in case of bearish continuation.
Price recently failed to hold above $3,407 (EMA 50), showing short-term bearish pressure.
3. Scenarios
Bullish Scenario:
If price reacts positively at the order block, we could see a rebound toward $3,509.60 (top blue target line).
This would represent a +3.70% move (approx. $125).
Likely to happen if buyers defend the support zone and price moves above the moving averages again.
Bearish Scenario:
If the support/order block fails, price may fall further to test $3,333.82 (target support).
RSI is weak (below 50), suggesting momentum is fading.
4. Indicators
EMA 50 (red) and EMA 200 (blue) are both present; price is nearing the 200 EMA, which might act as dynamic support.
RSI (14) is at 42.37, near oversold, but still bearish-leaning.
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Trading Insight
The yellow circle marks a decision point.
Look for price action confirmation:
Bullish candles + RSI reversal = possible long entry.
Break below 200 EMA = bearish breakdown likely.
Feedback My idea like and comment's 🙏
---
> Gold is approaching a key zone (order block), with a potential for either a strong bullish reversal or a breakdown toward a lower support level.
---
Key Technical Highlights
1. Order Block (Supply/Demand Zone)
A horizontal gray zone is marked as an "order block" — a price area where previous aggressive buying occurred.
Price is currently revisiting this zone, marked with a yellow circle, signaling a potential reaction point.
2. Support & Resistance
Support level: Marked around $3,370 - $3,360.
Deeper target support: $3,333.827, shown as a downside target point in case of bearish continuation.
Price recently failed to hold above $3,407 (EMA 50), showing short-term bearish pressure.
3. Scenarios
Bullish Scenario:
If price reacts positively at the order block, we could see a rebound toward $3,509.60 (top blue target line).
This would represent a +3.70% move (approx. $125).
Likely to happen if buyers defend the support zone and price moves above the moving averages again.
Bearish Scenario:
If the support/order block fails, price may fall further to test $3,333.82 (target support).
RSI is weak (below 50), suggesting momentum is fading.
4. Indicators
EMA 50 (red) and EMA 200 (blue) are both present; price is nearing the 200 EMA, which might act as dynamic support.
RSI (14) is at 42.37, near oversold, but still bearish-leaning.
---
Trading Insight
The yellow circle marks a decision point.
Look for price action confirmation:
Bullish candles + RSI reversal = possible long entry.
Break below 200 EMA = bearish breakdown likely.
Feedback My idea like and comment's 🙏
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Join My Official Channel Link
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Join My Public Channel Link
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Join My Public Channel Link
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相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。