Gold (XAU/USD) on a 4-hour timeframe. The chart indicates a strong bullish trend, with the price recently breaking above a resistance zone around 2,960 (highlighted in yellow). This level is now acting as a support zone for further upward movement.
The red arrows highlight key resistance points where the price faced rejection in the past, indicating that this level has been pivotal for market direction. After testing this resistance, the price successfully broke above, suggesting that the bulls are in control.
The chart has set multiple target points at 3,010, 3,020, and 3,030, with the final target being near 3,040. These target levels indicate where the price could potentially reach if the bullish momentum continues.
The green arrows represent key support points, highlighting where the price bounced and confirmed an uptrend. The upward move is further supported by the price being above the moving average line, which indicates a continuation of the bullish trend.
Traders should monitor the support zone at 2,960 for possible pullbacks, and if the price holds above this level, the targets of 3,010, 3,020, and $3,030 could be reached
The red arrows highlight key resistance points where the price faced rejection in the past, indicating that this level has been pivotal for market direction. After testing this resistance, the price successfully broke above, suggesting that the bulls are in control.
The chart has set multiple target points at 3,010, 3,020, and 3,030, with the final target being near 3,040. These target levels indicate where the price could potentially reach if the bullish momentum continues.
The green arrows represent key support points, highlighting where the price bounced and confirmed an uptrend. The upward move is further supported by the price being above the moving average line, which indicates a continuation of the bullish trend.
Traders should monitor the support zone at 2,960 for possible pullbacks, and if the price holds above this level, the targets of 3,010, 3,020, and $3,030 could be reached
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VIP SIGNALS SERVICE 👇👇⬇️
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Recommend best broker exness Partner link 👇
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t.me/addlist/j3ts8pztHtY3NWQ0
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t.me/addlist/j3ts8pztHtY3NWQ0
Recommend best broker exness Partner link 👇
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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.