XAU/USD Analysis (1H Timeframe )
This chart represents the XAU/USD (Gold vs US Dollar) price movement on a 1-hour timeframe, showcasing a well-defined ascending channel. The analysis highlights three critical zones:
1. Resistance Level (Upper Blue Zone):
This zone, located around the $3,440 - $3,450 range, marks the potential upper limit of the current bullish channel. A breakout above this level could indicate strong bullish momentum continuation.
2. Key Support Breakout Zone (Middle Purple Zone):
Around the $3,390 - $3,400 range, this area previously acted as resistance and now serves as a key support level. A price retest and bounce from this zone could confirm it as a new support base, potentially triggering a move toward the resistance zone again.
3. Support Level (Lower Purple Zone):
Found near the $3,320 level, this is the broader trendline and horizontal support zone that would be critical if the price breaks below the key support area. It acts as a major demand zone within the ascending channel.
Observations:
The price is currently in a strong uptrend within the rising channel.
A retest of the key support breakout zone is anticipated before potentially pushing higher toward resistance.
A breakdown below the key support could trigger a move toward the lower support level.
Technical Bias:
Bullish as long as the price remains above the key support level.
Bearish reversal may occur on a confirmed breakdown below the ascending channel and lower support zone.
This chart represents the XAU/USD (Gold vs US Dollar) price movement on a 1-hour timeframe, showcasing a well-defined ascending channel. The analysis highlights three critical zones:
1. Resistance Level (Upper Blue Zone):
This zone, located around the $3,440 - $3,450 range, marks the potential upper limit of the current bullish channel. A breakout above this level could indicate strong bullish momentum continuation.
2. Key Support Breakout Zone (Middle Purple Zone):
Around the $3,390 - $3,400 range, this area previously acted as resistance and now serves as a key support level. A price retest and bounce from this zone could confirm it as a new support base, potentially triggering a move toward the resistance zone again.
3. Support Level (Lower Purple Zone):
Found near the $3,320 level, this is the broader trendline and horizontal support zone that would be critical if the price breaks below the key support area. It acts as a major demand zone within the ascending channel.
Observations:
The price is currently in a strong uptrend within the rising channel.
A retest of the key support breakout zone is anticipated before potentially pushing higher toward resistance.
A breakdown below the key support could trigger a move toward the lower support level.
Technical Bias:
Bullish as long as the price remains above the key support level.
Bearish reversal may occur on a confirmed breakdown below the ascending channel and lower support zone.
Trade active
XAU/USD 1H Chart UpdateKey Support Zone (~$3,390–$3,400) has been broken, signaling a bearish shift.
Price is likely heading toward the next support level around $3,320–$3,330.
The broken support may now act as resistance if price attempts a pullback.
Short-term bias: Bearish, unless price reclaims the key support zone.
Note
This 1-hour timeframe chart of XAUUSD (Gold vs. US Dollar) shows a recent bearish move following a key support level breakout around the 3400 - 3390 zone. The price is currently approaching a major support level near 3,330 - 3325 where potential buying interest may emerge. If price action holds this support, a bullish reversal could target the resistance level around 3,440. However, failure to hold above the support zone may lead to further downside. Traders should watch for price reaction around the current support area for potential trade setups.Trade closed: target reached
📊 XAUUSD (1H Timeframe) Update✅ Target Reached!
Price successfully tapped the highlighted Support Zone after breaking the Key Support Level — completing the expected bearish move. Now watching for a potential reversal or continuation setup from this zone.
📈 For More Setups & Updates —
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
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.
📈 For More Setups & Updates —
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
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.