3000 Target gold
This is a 1-hour chart of Gold Spot (XAU/USD) from OANDA. The analysis suggests a bullish outlook, with price action currently testing a key resistance level around 2,934. The chart includes the following key elements:
1. Support and Resistance Levels:
A previous resistance zone (marked in dark teal) has been broken and is now acting as potential support.
The next major resistance is around 2,980, with an all-time high target of 3,000.
2. Trendline Support:
A white ascending trendline indicates a bullish structure, with price respecting higher lows.
3. Projected Move:
The yellow arrow suggests a pullback to the support zone (previous resistance) before bouncing higher.
A successful retest could lead to an upward move towards 3,000.
This analysis suggests that gold remains in an uptrend, and traders might look for confirmation of support before entering long positions.
1. Support and Resistance Levels:
A previous resistance zone (marked in dark teal) has been broken and is now acting as potential support.
The next major resistance is around 2,980, with an all-time high target of 3,000.
2. Trendline Support:
A white ascending trendline indicates a bullish structure, with price respecting higher lows.
3. Projected Move:
The yellow arrow suggests a pullback to the support zone (previous resistance) before bouncing higher.
A successful retest could lead to an upward move towards 3,000.
This analysis suggests that gold remains in an uptrend, and traders might look for confirmation of support before entering long positions.
Trade active
Running 300 pipsNote
500 pips Running lets wait for 3000Note
2999 done Note
3000 is coming Trade closed: target reached
3000 reached 
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t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.