Technical Analysis for Gold (XAU/USD) - 30-Minute Chart
Gold is showing signs of a potential bullish move after a rebound from a key support zone around $2,860-$2,868. The price has broken above a resistance level and is now approaching a key demand zone near $2,876. A retest of this zone could provide a buying opportunity, targeting the $2,926 level as the first resistance and $2,949 as the second target.
If the price holds above the support zone, further bullish momentum is likely.
However, a break below could indicate weakness and potential downside risk.
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Gold is showing signs of a potential bullish move after a rebound from a key support zone around $2,860-$2,868. The price has broken above a resistance level and is now approaching a key demand zone near $2,876. A retest of this zone could provide a buying opportunity, targeting the $2,926 level as the first resistance and $2,949 as the second target.
If the price holds above the support zone, further bullish momentum is likely.
However, a break below could indicate weakness and potential downside risk.
If you enjoy, press the like button.
Trade closed manually
Price didn't come to our zone , now it's going to upside.
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🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
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Related publications
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.