XAU/USD : Bull or Bear? Let's See! (READ THE CAPTION)

14 בפבר׳

By analyzing the 30-minute gold chart, we can see that, as expected, gold resumed its bullish momentum, successfully hitting the $2,923 and $2,929 targets with ease, and even extending its rally to $2,940.

With this move, gold filled the Fair Value Gap (FVG) mentioned in the previous analysis and reached its bearish order block.

Currently, gold is trading around $2,927, and the next move will depend on price stability:

• If gold holds above $2,929 for the next 4 hours, we could see another bullish push.
• If gold fails to hold above this key level, we might see a pullback towards $2,923 as the first corrective target.

Stay tuned for further updates!

לפני 5 ימים

עסקה פעילה

By analyzing the 30-minute gold chart, we can see that on Friday, gold started its expected correction from the $2,930 zone, hitting the first corrective target at $2,923. This bearish move continued strongly, delivering over 500 pips in profit, reaching as low as $2,876!

As seen on the chart, the $2,876 - $2,841 zone was a Bullish Rejection Block, and just as expected, gold gained buying pressure upon reaching this level, pushing back up to $2,906.

Currently, gold is trading around $2,899, and $2,902.5 has now turned into a key resistance level that could determine the next move.

🔹 If gold breaks and stabilizes above $2,902.5, the next targets are $2,914 and $2,919.

🔹 Failure to break this level could lead to further consolidation or another pullback.

This analysis will be updated as price action unfolds! Stay tuned!