XAU/USD Bullish Technical Outlook
Analysis:
Current Price: The gold spot price (XAU/USD) is at $3,311.
Key Levels:
Support Zones:
Order Block Support Level: Around $3,290 – $3,300 (highlighted by the grey box).
Key Support Level: Slightly lower near $3,275 – $3,280.
Resistance & Target:
The chart shows a bullish projection aiming for the $3,366 – $3,370 area, with an upside potential of ~3.3% from the bounce zone.
Indicators:
The 50 EMA ($3,328) and 200 EMA ($3,332) are above the current price, acting as dynamic resistances.
Price is testing the confluence of trendline support and horizontal support.
Structure:
The chart illustrates a clear bullish reversal pattern near the support area with an expected rally if buyers defend the zone.
The arrows project a bounce off the support with a break above the EMA cluster and continuation to the upper trendline and target zone.
Potential Trade Idea:
If price holds above $3,290, a long position could target $3,366, with stops below $3,270 (key support).
📌 Conclusion:
The analysis suggests that XAU/USD is positioned for a bullish reversal if the support block holds, with upside momentum targeting the $3,366 level. Watch the price action near the EMAs for confirmation of trend continuation.
Analysis:
Current Price: The gold spot price (XAU/USD) is at $3,311.
Key Levels:
Support Zones:
Order Block Support Level: Around $3,290 – $3,300 (highlighted by the grey box).
Key Support Level: Slightly lower near $3,275 – $3,280.
Resistance & Target:
The chart shows a bullish projection aiming for the $3,366 – $3,370 area, with an upside potential of ~3.3% from the bounce zone.
Indicators:
The 50 EMA ($3,328) and 200 EMA ($3,332) are above the current price, acting as dynamic resistances.
Price is testing the confluence of trendline support and horizontal support.
Structure:
The chart illustrates a clear bullish reversal pattern near the support area with an expected rally if buyers defend the zone.
The arrows project a bounce off the support with a break above the EMA cluster and continuation to the upper trendline and target zone.
Potential Trade Idea:
If price holds above $3,290, a long position could target $3,366, with stops below $3,270 (key support).
📌 Conclusion:
The analysis suggests that XAU/USD is positioned for a bullish reversal if the support block holds, with upside momentum targeting the $3,366 level. Watch the price action near the EMAs for confirmation of trend continuation.
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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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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。