📈 XAU/USD Bullish Setup – Trendline & Support Holding Strong! 🚀
🔹 Gold Spot (XAU/USD) – 1H Chart Analysis
📊 Current Price: $2,936
🎯 Target 1: $2,955
🎯 Target 2: $2,980
🛑 Invalidation Level: Below support
📌 Key Insights:
✅ Trendline Support Holding: Gold is respecting the ascending trendline and has taken support from it. Buyers are stepping in, indicating potential upside movement.
✅ Support Area in Play: The price has tested the marked support zone and is now rebounding, signaling a possible continuation of the uptrend.
✅ Supertrend Confirmation: The Supertrend indicator suggests bullish momentum, reinforcing the buy-side bias.
✅ Potential Upside Move: If the price maintains support, it could rally towards $2,955 (1st target) and further to $2,980 (2nd target).
🚨 Risk Management: A break below the trendline and support area would invalidate this bullish setup. Keep an eye on price action!
📢 What’s your view on Gold? Will it reach our targets? Comment below! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #Trendline #Support #BuySignal 🚀🔥
🔹 Gold Spot (XAU/USD) – 1H Chart Analysis
📊 Current Price: $2,936
🎯 Target 1: $2,955
🎯 Target 2: $2,980
🛑 Invalidation Level: Below support
📌 Key Insights:
✅ Trendline Support Holding: Gold is respecting the ascending trendline and has taken support from it. Buyers are stepping in, indicating potential upside movement.
✅ Support Area in Play: The price has tested the marked support zone and is now rebounding, signaling a possible continuation of the uptrend.
✅ Supertrend Confirmation: The Supertrend indicator suggests bullish momentum, reinforcing the buy-side bias.
✅ Potential Upside Move: If the price maintains support, it could rally towards $2,955 (1st target) and further to $2,980 (2nd target).
🚨 Risk Management: A break below the trendline and support area would invalidate this bullish setup. Keep an eye on price action!
📢 What’s your view on Gold? Will it reach our targets? Comment below! 👇👇
#Gold #XAUUSD #Trading #Forex #TechnicalAnalysis #Trendline #Support #BuySignal 🚀🔥
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.