Gold (XAU/USD) 1H Analysis – Potential Breakout Play

6月2日

🟡 Gold (XAU/USD) 1H Analysis – Potential Breakout Play 📈

🔎 Key Levels and Zones

Resistance Zone: Around $3,410 – $3,430.

Midpoint/Key Resistance-Turned-Support: Around $3,360 – $3,370.

Support Zone: Around $3,270 – $3,290.

🔀 Chart Structure & Momentum

The price is in a short-term bullish recovery after finding strong support at the $3,270 – $3,290 level.

The breakout above the midpoint around $3,360 is a significant bullish trigger, suggesting that bulls are taking charge.

📊 Scenario Analysis

Bullish Scenario (Primary Bias) 🟢: If the price holds above the midpoint ($3,360), we expect a push towards the resistance zone ($3,410 – $3,430). This aligns with the “resistance-flip-support” concept, where the previous resistance becomes a new support base.

Bearish Scenario (Alternate Bias) 🔴: If the price fails to hold above $3,360, a re-test of the support zone ($3,270 – $3,290) is likely. From there, bulls will likely try to defend the area and launch another attempt upwards.

📌 Conclusion

The path of least resistance currently favors the bulls while the $3,360 level holds.

Watch for consolidation near $3,360 – $3,370 as a healthy retest before potential continuation to the upside target zone ($3,410 – $3,430).

📅 Near-Term Bias

Remain cautiously bullish while above $3,360.

A confirmed breakout above $3,410 opens room for further bullish momentum, while a breakdown below $3,360 can re-test the key support at $3,270.

6月3日

交易進行