The image you provided is a technical analysis chart for EUR/USD (Euro/US Dollar), not Gold (XAU/USD). However, I can still analyze the chart and help you with the next possible price movement based on the given trend.
EUR/USD Analysis (1H Chart):
1. Previous Price Action:
The price moved in a downtrend before forming a double bottom around February 9.
After that, it had a strong bullish breakout and created a sell zone near 1.0520–1.0530.
The price recently dropped after retesting the sell zone and has now touched a support area (highlighted in pink).
2. Current Market Condition:
The price is bouncing off a support zone around 1.0380–1.0400.
There is a potential bullish reversal if the price sustains above this level.
3. Next Possible Move (Forecast):
If the support holds, price may move upward toward 1.0454 (marked in red).
A break above 1.0454 can push the price further towards 1.0500–1.0520.
However, if the support fails, the price may drop to 1.0350–1.0300.
If you're looking for Gold (XAU/USD) analysis, please provide a specific Gold chart, and I'll analyze it for you. Let me know how you'd like to proceed!
EUR/USD Analysis (1H Chart):
1. Previous Price Action:
The price moved in a downtrend before forming a double bottom around February 9.
After that, it had a strong bullish breakout and created a sell zone near 1.0520–1.0530.
The price recently dropped after retesting the sell zone and has now touched a support area (highlighted in pink).
2. Current Market Condition:
The price is bouncing off a support zone around 1.0380–1.0400.
There is a potential bullish reversal if the price sustains above this level.
3. Next Possible Move (Forecast):
If the support holds, price may move upward toward 1.0454 (marked in red).
A break above 1.0454 can push the price further towards 1.0500–1.0520.
However, if the support fails, the price may drop to 1.0350–1.0300.
If you're looking for Gold (XAU/USD) analysis, please provide a specific Gold chart, and I'll analyze it for you. Let me know how you'd like to proceed!
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✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.