Gold (XAU/USD) – Possible Reversal from Resistance

3月23日

XAU/USD (Gold Spot vs. U.S. Dollar) on the 1-day timeframe and shows an ascending channel with key price levels and technical annotations.

Key Observations:
Trend Direction:

The price has been in a strong uptrend since late 2024.

It is currently near the upper boundary of the ascending channel.

Liquidity & Market Structure:

INT.LQ (Internal Liquidity): This suggests an area where liquidity is expected to be taken before a potential move.

MB Unfilled (Market Balances Unfilled): These indicate inefficiencies in price movement that the market may revisit.

Projected Price Action:

The chart shows a potential short-term pullback from the upper boundary.

Expected retracement towards the "fair value range" around $2,800–$2,850.

If this scenario plays out, it would align with price rebalancing and a healthier uptrend continuation.

Key Levels:

Resistance: Around $3,050, which aligns with the upper trendline.

Support Zones: Around $2,950 and deeper at $2,800.

Potential Trading Strategy:
Bearish Case: If rejection occurs at $3,050, short opportunities could exist targeting $2,900–$2,850.

Bullish Case: If price retraces and finds strong support in the fair value range, it could resume its uptrend.

3月24日

交易進行

Gold (XAU/USD) Hits $3,003 – Retesting Before the Next Move

Gold recently touched the $3,003 level, showing signs of a slight pullback as the market takes a breather. This retest phase is crucial—if buyers step in, we could see another push toward the $3,050 resistance. However, failure to hold could lead to a deeper correction, possibly targeting the $2,950–$2,900 range.

The next few sessions will be key in determining whether bulls maintain control or if a stronger retracement unfolds. Let's see how price reacts! 🚀📉