Gold Spot (XAU/USD) on the 1-hour timeframe. Key points:
Support Zone: Strong support is identified in the yellow zone around 3,290–3,293, where price has bounced multiple times.
Buy Zone: Market is currently in a potential buy zone just above support, signaling a possible long entry.
Targets:
1st target: Around 3,368
2nd target: Around 3,419
All-Time High: Marked as a potential long-term resistance above 3,500.
Outlook: If price respects the support and buy zone, the market may rally toward the 1st and 2nd targets. Watch for bullish confirmation before entering.
Support Zone: Strong support is identified in the yellow zone around 3,290–3,293, where price has bounced multiple times.
Buy Zone: Market is currently in a potential buy zone just above support, signaling a possible long entry.
Targets:
1st target: Around 3,368
2nd target: Around 3,419
All-Time High: Marked as a potential long-term resistance above 3,500.
Outlook: If price respects the support and buy zone, the market may rally toward the 1st and 2nd targets. Watch for bullish confirmation before entering.
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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.