1. Trend Identification
Transition from Consolidation to Uptrend:
The price has broken out of a prolonged consolidation phase around the Point of Control (POC) at 2911.933.
The 200-period moving average (blue line) was previously acting as resistance but now appears to be flipping into support.
Short-Term Bullish Momentum with Caution:
The projected price path (blue and red channels) suggests an uptrend toward the 3,020 - 3,060 zone but with potential retracements.
However, recent volume analysis suggests short-term selling pressure is increasing, which could lead to a pullback before continuation.
2. Key Support & Resistance Levels
Immediate Support: 2,900 - 2,911 (POC and recent breakout zone).
Immediate Resistance: 2,920 - 2,930 (current price range resistance).
Stronger Resistance: 3,000 - 3,020 (psychological level & upper channel).
Downside Risk: If price falls below 2,900, it may test 2,880 - 2,860.
3. Volume Analysis
Last 120 Bars Volume:
Up Vol < Down Vol by -0.28% (neutral to slightly bearish sentiment).
Last 60 Bars Volume:
Up Vol < Down Vol by -23.28%, showing short-term selling pressure dominance.
Interpretation:
The long-term volume trend is neutral, but short-term volume suggests sellers are controlling the market, which could lead to a temporary pullback before continuation.
4. Chart Patterns & Projections
Bullish Scenario: If the price sustains above 2,911, it could trend toward 3,020 - 3,060 within the ascending channel.
Bearish Scenario: A breakdown below 2,900 could lead to a correction toward 2,880 - 2,860.
Trade Setups & Risk Management
1. Long Trade Setup (Bullish Scenario)
Entry: Buy on breakout above 2,930 (confirmation of strength).
Stop-Loss: Below 2,900 (previous support zone).
Targets:
First Target: 2,980 (mid-channel resistance).
Final Target: 3,020 - 3,060 (upper channel boundary).
Risk-Reward Ratio: 1:3 or better.
2. Short Trade Setup (Bearish Pullback Scenario)
Entry: Sell below 2,900 (confirmed breakdown).
Stop-Loss: Above 2,920 (previous support turned resistance).
Targets:
First Target: 2,880 (key support).
Final Target: 2,860 (lower channel boundary).
Risk-Reward Ratio: 1:2 or better.
LinkedIn Post: Professional Market Insight on Gold (XAU/USD)
📊 Gold (XAU/USD) – Technical Outlook & Trade Setup 📊
Gold has broken out of a consolidation phase around $2,911 and is now trading near resistance at $2,920 - $2,930. While the long-term trend remains bullish, short-term volume indicates increasing selling pressure (-23.28%), suggesting a possible pullback before continuation.
🔍 Key Observations:
✅ Support Zone: $2,900 - $2,911 (Point of Control).
✅ Resistance Zone: $2,920 - $2,930 (immediate breakout level).
✅ Potential Bullish Move: If Gold sustains above $2,930, we could see a rally toward $3,020 - $3,060.
✅ Potential Bearish Pullback: A rejection at $2,920 could lead to a retest of $2,880 - $2,860.
📈 Trade Setup:
Bullish Play: Buy above $2,930, stop below $2,900, targets $2,980 - $3,060.
Bearish Play: Sell below $2,900, stop above $2,920, targets $2,880 - $2,860.
🔑 Risk Management: Disciplined trade execution and strong risk-reward ratios are key! Always protect capital first.
What’s your outlook on Gold? Let’s discuss in the comments! 👇 #Gold #Trading #XAUUSD #RiskManagement #TechnicalAnalysis
Transition from Consolidation to Uptrend:
The price has broken out of a prolonged consolidation phase around the Point of Control (POC) at 2911.933.
The 200-period moving average (blue line) was previously acting as resistance but now appears to be flipping into support.
Short-Term Bullish Momentum with Caution:
The projected price path (blue and red channels) suggests an uptrend toward the 3,020 - 3,060 zone but with potential retracements.
However, recent volume analysis suggests short-term selling pressure is increasing, which could lead to a pullback before continuation.
2. Key Support & Resistance Levels
Immediate Support: 2,900 - 2,911 (POC and recent breakout zone).
Immediate Resistance: 2,920 - 2,930 (current price range resistance).
Stronger Resistance: 3,000 - 3,020 (psychological level & upper channel).
Downside Risk: If price falls below 2,900, it may test 2,880 - 2,860.
3. Volume Analysis
Last 120 Bars Volume:
Up Vol < Down Vol by -0.28% (neutral to slightly bearish sentiment).
Last 60 Bars Volume:
Up Vol < Down Vol by -23.28%, showing short-term selling pressure dominance.
Interpretation:
The long-term volume trend is neutral, but short-term volume suggests sellers are controlling the market, which could lead to a temporary pullback before continuation.
4. Chart Patterns & Projections
Bullish Scenario: If the price sustains above 2,911, it could trend toward 3,020 - 3,060 within the ascending channel.
Bearish Scenario: A breakdown below 2,900 could lead to a correction toward 2,880 - 2,860.
Trade Setups & Risk Management
1. Long Trade Setup (Bullish Scenario)
Entry: Buy on breakout above 2,930 (confirmation of strength).
Stop-Loss: Below 2,900 (previous support zone).
Targets:
First Target: 2,980 (mid-channel resistance).
Final Target: 3,020 - 3,060 (upper channel boundary).
Risk-Reward Ratio: 1:3 or better.
2. Short Trade Setup (Bearish Pullback Scenario)
Entry: Sell below 2,900 (confirmed breakdown).
Stop-Loss: Above 2,920 (previous support turned resistance).
Targets:
First Target: 2,880 (key support).
Final Target: 2,860 (lower channel boundary).
Risk-Reward Ratio: 1:2 or better.
LinkedIn Post: Professional Market Insight on Gold (XAU/USD)
📊 Gold (XAU/USD) – Technical Outlook & Trade Setup 📊
Gold has broken out of a consolidation phase around $2,911 and is now trading near resistance at $2,920 - $2,930. While the long-term trend remains bullish, short-term volume indicates increasing selling pressure (-23.28%), suggesting a possible pullback before continuation.
🔍 Key Observations:
✅ Support Zone: $2,900 - $2,911 (Point of Control).
✅ Resistance Zone: $2,920 - $2,930 (immediate breakout level).
✅ Potential Bullish Move: If Gold sustains above $2,930, we could see a rally toward $3,020 - $3,060.
✅ Potential Bearish Pullback: A rejection at $2,920 could lead to a retest of $2,880 - $2,860.
📈 Trade Setup:
Bullish Play: Buy above $2,930, stop below $2,900, targets $2,980 - $3,060.
Bearish Play: Sell below $2,900, stop above $2,920, targets $2,880 - $2,860.
🔑 Risk Management: Disciplined trade execution and strong risk-reward ratios are key! Always protect capital first.
What’s your outlook on Gold? Let’s discuss in the comments! 👇 #Gold #Trading #XAUUSD #RiskManagement #TechnicalAnalysis
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
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.
Bharat Pandya @ProspireWealth
+91 9624044866
pandyabn76@gmail.com
+91 9624044866
pandyabn76@gmail.com
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.