Gold 1hour time frame . Move between trendlines !!!
Gold (XAU/USD) – 1H Chart Analysis (Feb 12, 2025)
📉 Market Structure:
Gold remains in an ascending channel, showing a steady uptrend.
Price recently made a lower high, indicating short-term weakness.
The key support zone ($2,850-$2,860) aligns with the lower trendline.
🔑 Key Levels to Watch:
Support: $2,850-$2,860 (trendline + demand zone)
Resistance: $2,900+ (recent high)
Major Downside Break Level: Below $2,850, risk of deeper retracement
📊 Potential Scenarios:
Bullish Case: If price bounces from $2,850-$2,860, it could resume the uptrend toward $2,900+.
Bearish Case: A confirmed break below $2,850 could push price to $2,820-$2,800 as the next key support.
📌 Conclusion: Gold is at a critical support level. If buyers step in at $2,850, we may see continuation to new highs. However, losing this level could shift momentum bearish. 🚀📉
📉 Market Structure:
Gold remains in an ascending channel, showing a steady uptrend.
Price recently made a lower high, indicating short-term weakness.
The key support zone ($2,850-$2,860) aligns with the lower trendline.
🔑 Key Levels to Watch:
Support: $2,850-$2,860 (trendline + demand zone)
Resistance: $2,900+ (recent high)
Major Downside Break Level: Below $2,850, risk of deeper retracement
📊 Potential Scenarios:
Bullish Case: If price bounces from $2,850-$2,860, it could resume the uptrend toward $2,900+.
Bearish Case: A confirmed break below $2,850 could push price to $2,820-$2,800 as the next key support.
📌 Conclusion: Gold is at a critical support level. If buyers step in at $2,850, we may see continuation to new highs. However, losing this level could shift momentum bearish. 🚀📉
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.