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Giold

XAU/USD may enter the resistance zone and then start fallingHello everyone, today I'm ready to provide you with Gold analytics. Not long ago, the price surged into the support zone before correcting back down to the trend line. Following that, it reversed and began rising in a wedge formation, finally hitting the support level, breaking through it, and continuing higher. Later, gold rose into the resistance zone, but it quickly corrected back to the trend line. However, it quickly recovered and returned to the resistance level. Following another drop to the trend line, the price resumed its upward trend. Gold quickly approached the resistance level and consolidated beneath it for some time before breaking through and touching the wedge's resistance line. Following this fluctuation, the price reversed and began to decline. It attempted to recover, but is now trading below the resistance level. From my perspective, XAUUSD is expected to retest the resistance zone before reversing and dropping back to the trend line, which also serves as the wedge's support. Given this view, I've set a goal of 2915, which is close to the trend line. : 🚀 XAU/USD – Rising Wedge Formation! Key Breakdown Incoming? 📉 💰 Gold Spot (XAU/USD) - 1H Chart Analysis 🔍 Key Observations: 🔹 Ascending Trend Line is acting as strong dynamic support. 🔹 Resistance Zone at the top of the wedge is holding price down. 🔹 Support Zone has been tested multiple times, showing buying pressure. 🔹 Price is currently at the upper boundary of the wedge—possible rejection? 📉 Potential Trade Setups: 📌 Bearish Scenario: If price rejects from the resistance zone, a drop toward $2,915 is likely. A break below $2,915 could trigger further downside toward $2,880 support. 📌 Bullish Scenario: A clear breakout above resistance and trend line invalidates the wedge. If price closes above $2,950, it may rally toward $2,970 - $2,980. 🔔 Key Levels to Watch: ✅ Resistance: $2,950 - $2,960 ✅ Support: $2,915 - $2,880 💬 What’s your bias? Breakout or Breakdown? Drop your thoughts below! 🔥👇 #gold #xauusd #forex #trading #priceaction #technicalanalysis
OANDA:XAUUSDShort
by NexusTradesZone
Silver - At A Key Inflection Point; Playing Catch-Up To GoldWhile Gold remains in its high level consolidation, which is now starting to narrow, digesting its recent run into northern territory, Silver has caught a bid and is now playing 'catch-up' to the yellow metal and in the process, now finds itself at a key inflection point as we can observe from the Daily chart above. With the Gold:Silver ratio recently ticking the 95 level, we're now beginning to see a shift in appetite via both investors/traders towards Silver , while Gold consolidates in a constructive manner. Although Silver has further work ahead of itself from a technical standpoint, 'If and When' Silver can clear the $15.64 level and hold , such development would be a positive and likely ignite further upside into the 16-handle in short order. Nonetheless, both Gold and Silver remain in the very early innings of a sea change taking place, where we expect both metals and those of precious metals equities to outperform in the weeks/months ahead, whereby we suspect that many of the stocks within the precious metals landscape may just provide multi-bagger returns throughout this bull phase, which we believe will be powerful.
TVC:SILVER
by OptionsGains