🟡 XAUUSD (Gold) Analysis – 4H Chart
📊 Technical Analysis:
🔹 Uptrend in Ascending Channel – Gold remains in a strong bullish channel, respecting trendline support 2904-2906$
🔹 Recent Pullback & Rejection – Price bounced off the lower channel boundary, suggesting continuation.
🔹 Potential Upside Target – A move towards $3,000+ aligns with channel resistance.
🔹 Risk Management – Stop loss placed below recent swing low 2881$ to protect against downside risk.
🌎 Fundamental Analysis:
🟢 Weakening USD – A softer dollar supports gold prices.
🟢 Geopolitical Risks – Uncertainty drives safe-haven demand.
🟢 Interest Rate Expectations – If the Fed hints at rate cuts, gold could gain further momentum.
🎯 Bias: Bullish as long as price stays within the channel. A break below could shift sentiment.
This is not Financial Advice just education purposes.
📊 Technical Analysis:
🔹 Uptrend in Ascending Channel – Gold remains in a strong bullish channel, respecting trendline support 2904-2906$
🔹 Recent Pullback & Rejection – Price bounced off the lower channel boundary, suggesting continuation.
🔹 Potential Upside Target – A move towards $3,000+ aligns with channel resistance.
🔹 Risk Management – Stop loss placed below recent swing low 2881$ to protect against downside risk.
🌎 Fundamental Analysis:
🟢 Weakening USD – A softer dollar supports gold prices.
🟢 Geopolitical Risks – Uncertainty drives safe-haven demand.
🟢 Interest Rate Expectations – If the Fed hints at rate cuts, gold could gain further momentum.
🎯 Bias: Bullish as long as price stays within the channel. A break below could shift sentiment.
This is not Financial Advice just education purposes.
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.
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.