## 🔍 **#XAUUSD Higher Time Frame Analysis**
📉 **Last Friday’s Session Recap:**
Gold experienced a **sharp sell-off** following the release of the **NFP data**, which came out **strongly in favor of the US Dollar** 💵 — naturally putting pressure on gold prices 🪙.
📊 **Key Support Zone:**
On the higher time frame, the **$3033–$3000** zone stands out as a **major support** 🛡️.
➡️ As long as **this area holds**, the **overall bullish structure remains intact** for gold.
🌍 **Geopolitical Drivers:**
Current global tensions are adding fuel to the fire:
* 🇮🇷 Ongoing **conflict between Iran and the US** over the nuclear program.
* 🇺🇸 Ex-President **Donald Trump’s tariff war** continues to impact the US economy.
* 🇨🇳 **China's reverse tariffs** against the US are further weakening the Dollar.
🔼 All these factors are likely to support **gold and other physical commodities** in the near term.
🎯 **Upside Targets to Watch:**
* 🔹 First Resistance: **$3085**
* 🔹 Second Resistance: **$3112**
👉 Gold can **easily climb** these levels, but **potential rejections** may occur here — so caution is advised.
🧭 **If $3000 Breaks:**
* 📉 Immediate Support: **$2950**
* 📉 Strong Buy Zone: **$2920–$2880**
📈 **Bullish Breakout Confirmation:**
If we see a **daily candle close above $3115–$3120**, expect gold to aim for its **previous high at $3170** 🎯.
---
📅 I’ll be sharing the **Lower Time Frame Analysis** shortly to zoom into these key zones. Stay tuned! 🔔
📉 **Last Friday’s Session Recap:**
Gold experienced a **sharp sell-off** following the release of the **NFP data**, which came out **strongly in favor of the US Dollar** 💵 — naturally putting pressure on gold prices 🪙.
📊 **Key Support Zone:**
On the higher time frame, the **$3033–$3000** zone stands out as a **major support** 🛡️.
➡️ As long as **this area holds**, the **overall bullish structure remains intact** for gold.
🌍 **Geopolitical Drivers:**
Current global tensions are adding fuel to the fire:
* 🇮🇷 Ongoing **conflict between Iran and the US** over the nuclear program.
* 🇺🇸 Ex-President **Donald Trump’s tariff war** continues to impact the US economy.
* 🇨🇳 **China's reverse tariffs** against the US are further weakening the Dollar.
🔼 All these factors are likely to support **gold and other physical commodities** in the near term.
🎯 **Upside Targets to Watch:**
* 🔹 First Resistance: **$3085**
* 🔹 Second Resistance: **$3112**
👉 Gold can **easily climb** these levels, but **potential rejections** may occur here — so caution is advised.
🧭 **If $3000 Breaks:**
* 📉 Immediate Support: **$2950**
* 📉 Strong Buy Zone: **$2920–$2880**
📈 **Bullish Breakout Confirmation:**
If we see a **daily candle close above $3115–$3120**, expect gold to aim for its **previous high at $3170** 🎯.
---
📅 I’ll be sharing the **Lower Time Frame Analysis** shortly to zoom into these key zones. Stay tuned! 🔔
Mr K
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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.
Mr K
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
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.