🟢 Chart Type: 30-minute (Intraday View)
Pair: CFDs on Gold (XAU/USD)
Current Price: 3,355.030
---
🧠 Technical Analysis Overview:
1. Trade Entry Zone (Support Area):
📍 Around 3,340 - 3,345
Marked in red, this zone acted as a key demand/support level.
Price bounced strongly from here multiple times, confirming strong buyer interest.
2. Bullish Reversal & Breakout:
Price broke back above the previous resistance near 3,350-3,355, turning it into support.
This breakout confirms a bullish reversal, pushing toward higher levels.
3. Current Movement:
Gold is consolidating after the breakout but maintaining a bullish structure of higher lows.
Momentum is building for another push up.
4. Target Zones (Resistance Levels):
🟦 First Resistance: 3,366.238
🟦 Second Resistance: 3,378.113
🎯 Final Target: 3,390 – Major resistance and previous high.
These are areas where you might see partial profit-taking or pullbacks.
5. Volume/News Note:
Multiple US news icons on July 15–16 suggest upcoming volatility; monitor economic events for impact.
---
✅ Conclusion:
> Gold is in a bullish setup, holding above the trade entry zone. As long as price remains above 3,340, bulls are in control. Key upside targets are 3,366, 3,378, and 3,390. A break below 3,340 would invalidate this short-term bullish bias.
Pair: CFDs on Gold (XAU/USD)
Current Price: 3,355.030
---
🧠 Technical Analysis Overview:
1. Trade Entry Zone (Support Area):
📍 Around 3,340 - 3,345
Marked in red, this zone acted as a key demand/support level.
Price bounced strongly from here multiple times, confirming strong buyer interest.
2. Bullish Reversal & Breakout:
Price broke back above the previous resistance near 3,350-3,355, turning it into support.
This breakout confirms a bullish reversal, pushing toward higher levels.
3. Current Movement:
Gold is consolidating after the breakout but maintaining a bullish structure of higher lows.
Momentum is building for another push up.
4. Target Zones (Resistance Levels):
🟦 First Resistance: 3,366.238
🟦 Second Resistance: 3,378.113
🎯 Final Target: 3,390 – Major resistance and previous high.
These are areas where you might see partial profit-taking or pullbacks.
5. Volume/News Note:
Multiple US news icons on July 15–16 suggest upcoming volatility; monitor economic events for impact.
---
✅ Conclusion:
> Gold is in a bullish setup, holding above the trade entry zone. As long as price remains above 3,340, bulls are in control. Key upside targets are 3,366, 3,378, and 3,390. A break below 3,340 would invalidate this short-term bullish bias.
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✅ All PAIRS SIGNALS PROVIDE FIRST VISIT THEN JOIN
🔗 t.me/+jODseb0iIvxiNjc0
✅ REGISTER UNDER THE WORLD BEST BROKER
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✅ All PAIRS SIGNALS PROVIDE FIRST VISIT THEN JOIN
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✅ REGISTER UNDER THE WORLD BEST BROKER
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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.