Based on the XAU/USD (Gold Spot vs USD) chart I'm shared (1-hour timeframe, FOREX.com), here is a clear description and target analysis:
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📊 Chart Description:
Market Structure:
Multiple Break of Structure (BOS) and CHoCH (Change of Character) zones are marked.
A recent bearish BOS confirms a short-term downtrend, followed by a potential bullish reversal from a key support zone.
Support Zone:
Strong buying reaction around $3,208 – $3,210, visible at the bottom yellow box. This area shows demand stepping in.
Resistance Zones:
First resistance/retest area: Around $3,326 – $3,340 (small consolidation + marked zone).
Final target area: Around $3,369 – $3,370 (highlighted yellow box at the top).
Ichimoku Cloud: Price is currently attempting to break into the cloud; a confirmed breakout above the cloud would be a bullish sign.
Bullish Plan (as drawn):
A retracement and push higher from the current level (around $3,323) back toward the first resistance zone, and ultimately to the upper target.
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🎯 Targets:
1. Short-Term Target (Reaction Zone):
🔹 $3,344 – acts as a resistance/retest zone. This could be a minor TP area if price stalls.
2. Main Target:
🔹 $3,369 – $3,370
This is the final marked target zone in the chart with an upward arrow, suggesting bullish continuation if structure holds.
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✅ Summary:
Bias: Bullish (if price holds above $3,208 support and breaks above $3,326 zone cleanly)
Confirmation: Watch for price action around the Ichimoku cloud and BOS levels.
Invalidation: A break below $3,208 would invalidate the bullish setup.
Would you like me to give you a stop-loss and entry suggestion based on this analysis too?
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📊 Chart Description:
Market Structure:
Multiple Break of Structure (BOS) and CHoCH (Change of Character) zones are marked.
A recent bearish BOS confirms a short-term downtrend, followed by a potential bullish reversal from a key support zone.
Support Zone:
Strong buying reaction around $3,208 – $3,210, visible at the bottom yellow box. This area shows demand stepping in.
Resistance Zones:
First resistance/retest area: Around $3,326 – $3,340 (small consolidation + marked zone).
Final target area: Around $3,369 – $3,370 (highlighted yellow box at the top).
Ichimoku Cloud: Price is currently attempting to break into the cloud; a confirmed breakout above the cloud would be a bullish sign.
Bullish Plan (as drawn):
A retracement and push higher from the current level (around $3,323) back toward the first resistance zone, and ultimately to the upper target.
---
🎯 Targets:
1. Short-Term Target (Reaction Zone):
🔹 $3,344 – acts as a resistance/retest zone. This could be a minor TP area if price stalls.
2. Main Target:
🔹 $3,369 – $3,370
This is the final marked target zone in the chart with an upward arrow, suggesting bullish continuation if structure holds.
---
✅ Summary:
Bias: Bullish (if price holds above $3,208 support and breaks above $3,326 zone cleanly)
Confirmation: Watch for price action around the Ichimoku cloud and BOS levels.
Invalidation: A break below $3,208 would invalidate the bullish setup.
Would you like me to give you a stop-loss and entry suggestion based on this analysis too?
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.