EleanorEmilyFx

EleanorEmilyFx

Technical Analysis of the Gold (XAU/USD) 1-Hour Chart 1. Current Trend: The price is moving within a descending channel, indicating a dominant bearish trend. This pattern reflects consistent lower highs and lower lows, confirming sustained selling pressure. 2. Resistance Zone (3,150 - 3,175): The price has just touched the upper boundary of the channel,...

EleanorEmilyFx

This 1-hour Gold (XAU/USD) chart highlights a potential short-term recovery setup, with a target around 3240. After a recent dip to support, the price shows early signs of a bullish reversal, aiming to reclaim key levels. Traders should watch for confirmation of momentum before committing to long positions. The chart shows a potential short-term rebound for gold,...

EleanorEmilyFx

This 1-hour gold chart highlights a potential bullish breakout, targeting the 3260 level. With current support around 3220 and resistance near 3280, the setup suggests a possible upward move if momentum sustains. Traders should monitor volume and price action closely for confirmation. Gold (XAU/USD) 1-Hour Chart Analysis Current Price: 3,232.725 Target: 3,260...