The chart shows Gold (XAU/USD) on a 1-hour timeframe, indicating a potential upward trend. The price is moving towards a target of 3,000 after reaching key support levels. The SiBi (Swing In/Buy) and BiBi (Break In/Buy) zones are highlighted as potential areas of interest for entries. An order block is marked near 2,950, which may act as a support level to hold the price above 2,900.
The resistance area is highlighted, with a target price of 3,000 set above, suggesting that a breakout could lead to further gains. The price action is currently looking to hold at the support level around 2,950, forming a bullish structure for further upside movement. Traders may watch for any pullbacks towards the support before the move towards the target of 3,000.
The resistance area is highlighted, with a target price of 3,000 set above, suggesting that a breakout could lead to further gains. The price action is currently looking to hold at the support level around 2,950, forming a bullish structure for further upside movement. Traders may watch for any pullbacks towards the support before the move towards the target of 3,000.
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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.