📈 GOLD (XAU/USD) – 1H Chart Technical Analysis
Date: August 4, 2025 | Timeframe: 1-Hour
This chart presents a clear bullish structure on GOLD, indicating upward momentum following a significant reversal from a previous downtrend.
🔹 Key Technical Elements:
Ascending Channel:
The price is trading within an upward channel, bounded by a support line (lower blue trendline) and a resistance line (upper blue trendline).
This reflects a short-term bullish trend, with higher highs and higher lows.
Order Block Zone (Purple Box: $3,304 – $3,305):
This area represents a previous consolidation and institutional demand zone.
Price reacted strongly from this zone, confirming it as a valid support and buy zone.
Buy Entry Confirmation:
A buy label is placed at the breakout from the consolidation range, showing a bullish order flow initiation.
Supertrend Indicator:
The Supertrend is green, confirming bullish sentiment.
Current values: $3,334.36 and $3,334.359, acting as dynamic support.
Resistance Ahead:
The price is currently near a minor resistance (highlighted red zone), where a short-term pullback may occur before further continuation.
🔸 Possible Scenarios:
Bullish Continuation:
If price sustains above the support trendline and breaks the resistance zone near $3,367, we may see a move towards $3,400+.
Bearish Pullback:
If the price breaks below the support line and enters the order block, it could retest $3,304–$3,305 before rebounding or continuing down
Date: August 4, 2025 | Timeframe: 1-Hour
This chart presents a clear bullish structure on GOLD, indicating upward momentum following a significant reversal from a previous downtrend.
🔹 Key Technical Elements:
Ascending Channel:
The price is trading within an upward channel, bounded by a support line (lower blue trendline) and a resistance line (upper blue trendline).
This reflects a short-term bullish trend, with higher highs and higher lows.
Order Block Zone (Purple Box: $3,304 – $3,305):
This area represents a previous consolidation and institutional demand zone.
Price reacted strongly from this zone, confirming it as a valid support and buy zone.
Buy Entry Confirmation:
A buy label is placed at the breakout from the consolidation range, showing a bullish order flow initiation.
Supertrend Indicator:
The Supertrend is green, confirming bullish sentiment.
Current values: $3,334.36 and $3,334.359, acting as dynamic support.
Resistance Ahead:
The price is currently near a minor resistance (highlighted red zone), where a short-term pullback may occur before further continuation.
🔸 Possible Scenarios:
Bullish Continuation:
If price sustains above the support trendline and breaks the resistance zone near $3,367, we may see a move towards $3,400+.
Bearish Pullback:
If the price breaks below the support line and enters the order block, it could retest $3,304–$3,305 before rebounding or continuing down
Trade active
📉 SL Hit – Market Update on GOLD (XAU/USD)The buy setup failed as price rejected the resistance line of the rising channel around $3,370, showing strong bearish pressure at the top.
🔻 Price action formed a fake breakout (liquidity grab) above the recent high, and quickly reversed, triggering SL for long positions.
📊 Reasons for SL hit:
Price touched resistance line and failed to sustain above.
Possible manipulation near liquidity zone, trapping breakout buyers.
Supertrend indicator is also showing a potential reversal zone.
Price may now retest the order block (demand zone) around $3,304.
📌 What’s next?
Wait for a strong bullish rejection from the order block or a breakout above the resistance line for a valid re-entry signal
Trade closed: stop reached
"Chart analysis, Forex & Crypto!
"Major Pairs: BTCUSD | XAUUSD | GBPUSD | ETHUSD | EURUSD | JPYUSD
"Free Chart Analysis & Accurate Signals.
"Learn & Earn | No Fees, Just Real Results
"Join our channel:👇
t.me/+k36WL-x3kGsxOTc0
"Major Pairs: BTCUSD | XAUUSD | GBPUSD | ETHUSD | EURUSD | JPYUSD
"Free Chart Analysis & Accurate Signals.
"Learn & Earn | No Fees, Just Real Results
"Join our channel:👇
t.me/+k36WL-x3kGsxOTc0
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.
"Chart analysis, Forex & Crypto!
"Major Pairs: BTCUSD | XAUUSD | GBPUSD | ETHUSD | EURUSD | JPYUSD
"Free Chart Analysis & Accurate Signals.
"Learn & Earn | No Fees, Just Real Results
"Join our channel:👇
t.me/+k36WL-x3kGsxOTc0
"Major Pairs: BTCUSD | XAUUSD | GBPUSD | ETHUSD | EURUSD | JPYUSD
"Free Chart Analysis & Accurate Signals.
"Learn & Earn | No Fees, Just Real Results
"Join our channel:👇
t.me/+k36WL-x3kGsxOTc0
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.