"XAU/USD Trading Strategy – Smart Entry & Exit Zones"

30 Mac

Gold (XAU/USD) Technical Analysis – 1H Chart


Key Levels:

- Weekly High: $3,087
- Friday Low (Support Zone): $3,054
- Weekly Low: $3,003

Market Structure:

Gold has been in an uptrend, breaking through previous resistance, which has now turned into a support zone (demand area). The price is currently consolidating near the weekly high after a strong bullish rally.

Potential Scenarios:
1. Bullish Continuation: If the demand zone ($3,054) holds, price could retest the weekly high ($3,087) and potentially break higher.
2. Pullback Before Rebound: A minor retracement to the demand zone before a bounce is likely, as indicated by the blue arrow.
3. Bearish Breakdown: If price falls below $3,045, it may test deeper support near $3,003.

Conclusion:

Gold remains bullish as long as it holds above the demand zone. A breakout above $3,087 could push prices higher, while a break below $3,045 may lead to further downside.

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11 Apr

Dagangan aktif

Trade was activated from 3057

13 Apr

Dagangan ditutup: sasaran tercapai

Price touched 3127, 700 pips+ achieved.