Gold Analysis of market trends and operational strategy.
Gold continued to fall sharply today, with the lowest price so far being at $2924. Although gold has paused its recent record-breaking surge, the positive potential of gold remains.
First and foremost, the 4-hour chart shows that gold is trending from 2876 to 2956, with 2925 serving as the trend's Fibonacci 618 support. If the callback does not exceed 618, there will undoubtedly be a high point. Furthermore, gold has already tested the 2920 support level several times, so if it rebounds from there again, the likelihood of reaching a new high is extremely high.
In addition, the daily chart shows that the daily MA10 moving average is currently around 2925. Today's low price also tested the 2924 moving average support.
As a result, there is a great possibility that gold will continue to rebound and reach a new high. Once it is securely above 2955, the next target for gold is 2970-2975.
For future trading, I recommend staying long between 2910/2900, with targets of 2930, 2940, and 2960.
:
🚀 XAU/USD – Bullish Reversal Incoming? 📈
💰 Gold Spot (XAU/USD) - 4H Chart Analysis
🔍 Market Insights:
🔹 Key Support Zone: $2,900 - $2,920 holding strong, aligning with the EMA levels.
🔹 Rejection from Lows: Price tested this zone and is showing signs of potential bullish recovery.
🔹 EMA 200 Support: The blue 200 EMA remains a critical long-term support level.
📈 Bullish Trade Setup:
📌 As long as price stays above $2,900, we could see a bounce to the upside.
📌 Possible upside targets:
🎯 $2,940 - Previous Resistance
🎯 $2,980 - Next Key Level
📌 A breakdown below $2,890 could invalidate the bullish bias, leading to further downside.
📊 Key Levels to Watch:
✅ Support: $2,900 - $2,920
✅ Resistance: $2,940 & $2,980
💬 Will gold continue its uptrend from here, or is more downside ahead? Drop your thoughts below! 👇🔥
#gold #xauusd #forex #trading #priceaction #technicalanalysis
First and foremost, the 4-hour chart shows that gold is trending from 2876 to 2956, with 2925 serving as the trend's Fibonacci 618 support. If the callback does not exceed 618, there will undoubtedly be a high point. Furthermore, gold has already tested the 2920 support level several times, so if it rebounds from there again, the likelihood of reaching a new high is extremely high.
In addition, the daily chart shows that the daily MA10 moving average is currently around 2925. Today's low price also tested the 2924 moving average support.
As a result, there is a great possibility that gold will continue to rebound and reach a new high. Once it is securely above 2955, the next target for gold is 2970-2975.
For future trading, I recommend staying long between 2910/2900, with targets of 2930, 2940, and 2960.
:
🚀 XAU/USD – Bullish Reversal Incoming? 📈
💰 Gold Spot (XAU/USD) - 4H Chart Analysis
🔍 Market Insights:
🔹 Key Support Zone: $2,900 - $2,920 holding strong, aligning with the EMA levels.
🔹 Rejection from Lows: Price tested this zone and is showing signs of potential bullish recovery.
🔹 EMA 200 Support: The blue 200 EMA remains a critical long-term support level.
📈 Bullish Trade Setup:
📌 As long as price stays above $2,900, we could see a bounce to the upside.
📌 Possible upside targets:
🎯 $2,940 - Previous Resistance
🎯 $2,980 - Next Key Level
📌 A breakdown below $2,890 could invalidate the bullish bias, leading to further downside.
📊 Key Levels to Watch:
✅ Support: $2,900 - $2,920
✅ Resistance: $2,940 & $2,980
💬 Will gold continue its uptrend from here, or is more downside ahead? Drop your thoughts below! 👇🔥
#gold #xauusd #forex #trading #priceaction #technicalanalysis
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.