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Gold (XAU/USD) 4H Chart Analysis: Resistance Test & Potential BrPrice Trend: The chart shows a steady upward movement in the price of gold, starting from late February into March 2025. The price is currently around $2,917.25 and has reached near the resistance level marked on the chart. Resistance Zone: The resistance area, located between $2,911 and $2,920, seems to be a crucial level. Gold has faced difficulty breaking through this level multiple times, as seen in the sideways movement after hitting the resistance. Target Level: The target above this resistance zone is marked around $2,960, indicating the potential for further price appreciation if gold can break above the current resistance. Price Action and Potential Breakout: There's a potential for a breakout as the price appears to be forming a bullish structure near the resistance, indicating that if gold manages to break above this zone, it could continue its upward trajectory toward the target area. Volume and Market Sentiment: The volume indicators on the lower part of the chart are not heavily discussed here, but there might be a correlation with market strength. The chart suggests potential consolidation before a move upward if the resistance breaks. Conclusion: Gold is currently testing the resistance area, and if it successfully breaks through, it could aim for the target level around $2,960. Keep an eye on this price level as it could signal further bullish movement.
FX:XAUUSDLong
by Jameshead007
1
EURJPY: Will Start Falling! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURJPY pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
GBPNZD: Weak Market & Bearish Continuation The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPNZD pair price action which suggests a high likelihood of a coming move down. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
XAU/USD 4H Analysis: Key Support, Resistance & Breakout TargetsKey Levels Identified: Support Zone (~2,875-2,885) 🟣 This is a strong area where price previously bounced. If price falls below this level, it could drop further toward the next support. Resistance Zone (~2,915-2,925) 🟣 Price is currently consolidating around this level. A breakout above resistance could push the price toward the target. Target (~2,950) 🎯 If the price breaks above resistance, the next key level is around 2,950. Potential Scenarios: 📈 Bullish Scenario: If price breaks above resistance, expect an upward move toward the target (2,950). Confirmation would come with strong volume and bullish candlestick patterns. 📉 Bearish Scenario: If price fails to hold above support, a drop toward 2,825-2,835 is possible. A strong bearish candle closing below support would confirm this move. Current Trend: The price has been moving in a sideways consolidation between support and resistance. Watch for a breakout in either direction for the next big move.
FX:XAUUSD
by Jameshead007