Technical Analysis of XAUUSD (Gold/USD) – 4H Chart
Technical Analysis of XAUUSD (Gold/USD) – 4H Chart
1. Review of Last Week’s Trend
Strong Uptrend: Gold prices have been steadily rising over the past week, particularly after breaking the structure (BOS) and confirming bullish pressure.
Breaking Resistance Levels: The price has moved above the equilibrium level and the PDL (Previous Day Low), approaching the premium zone.
Resistance at 2800 - 2820: The red zone (Premium) indicates a strong resistance area where the price has reacted and formed a weak high.
2. Forecast for the Upcoming Week
Possible Price Correction: Since the price has reached a strong resistance level (red zone), a potential pullback may occur. The PDH (Previous Day High) could act as support.
Key Support Levels:
PWH (Previous Week High)
2760 (aligned with the white moving average)
2740 - 2725 (aligned with the green and yellow moving averages)
Two Possible Scenarios for Next Week:
If the price breaks above the 2820 resistance: The uptrend may continue towards 2840 and 2850.
If the price fails to break resistance: A correction towards the mentioned support zones is likely.
3. Impact of News on Gold
Trump’s Policies & Geopolitical Tensions: The U.S. warning to Iran regarding Trump could increase market uncertainty, which generally benefits gold.
Inflation Expectations & Fed Policies: Any signs of potential rate cuts by the Federal Reserve could further boost gold prices.
Economic Data: The release of U.S. employment and inflation data in the upcoming week could significantly impact gold’s movement.
Conclusion:
✅ The overall trend remains bullish, but a pullback from the 2820-2800 resistance zone is possible.
✅ Key support levels are 2760, 2740, and 2725.
✅ A breakout above 2820 could push prices towards 2850.
✅ Economic and geopolitical news will play a crucial role in price action.
1. Review of Last Week’s Trend
Strong Uptrend: Gold prices have been steadily rising over the past week, particularly after breaking the structure (BOS) and confirming bullish pressure.
Breaking Resistance Levels: The price has moved above the equilibrium level and the PDL (Previous Day Low), approaching the premium zone.
Resistance at 2800 - 2820: The red zone (Premium) indicates a strong resistance area where the price has reacted and formed a weak high.
2. Forecast for the Upcoming Week
Possible Price Correction: Since the price has reached a strong resistance level (red zone), a potential pullback may occur. The PDH (Previous Day High) could act as support.
Key Support Levels:
PWH (Previous Week High)
2760 (aligned with the white moving average)
2740 - 2725 (aligned with the green and yellow moving averages)
Two Possible Scenarios for Next Week:
If the price breaks above the 2820 resistance: The uptrend may continue towards 2840 and 2850.
If the price fails to break resistance: A correction towards the mentioned support zones is likely.
3. Impact of News on Gold
Trump’s Policies & Geopolitical Tensions: The U.S. warning to Iran regarding Trump could increase market uncertainty, which generally benefits gold.
Inflation Expectations & Fed Policies: Any signs of potential rate cuts by the Federal Reserve could further boost gold prices.
Economic Data: The release of U.S. employment and inflation data in the upcoming week could significantly impact gold’s movement.
Conclusion:
✅ The overall trend remains bullish, but a pullback from the 2820-2800 resistance zone is possible.
✅ Key support levels are 2760, 2740, and 2725.
✅ A breakout above 2820 could push prices towards 2850.
✅ Economic and geopolitical news will play a crucial role in price action.
כתב ויתור
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