Gold Technical Analysis – Bullish Momentum Targeting 3165
Chart Explanation:
This is a 4-hour chart of Gold Spot vs. U.S. Dollar (XAU/USD) published on April 10, 2025. It highlights a key technical setup with the following elements:
1. Support Zone (Blue): Around the 2,950 - 3,000 USD range. This area acted as a strong demand zone where price bounced upward after a sharp decline, indicating buyer interest.
2. Resistance Zone (Red): Near the 3,160 - 3,170 USD level. This area previously rejected upward momentum, making it a potential zone for price reaction again.
3. Recent Price Action:
Price had a strong rally from late March, creating higher highs.
It then experienced a correction down to the support zone.
The market reversed sharply from support, breaking out of the descending channel (red zone), and is now heading upward in a strong bullish leg (blue zone).
4. Target Price: The chart shows a bullish projection targeting 3165 USD, which aligns with the previous resistance zone.
5. Expected Move (Green Arrow): Suggests a possible minor pullback before continuing the bullish move towards the target.
Summary:
Gold is currently in a bullish phase after bouncing off support, and it's targeting the 3165 level. Traders may look for buying opportunities on pullbacks as long as price stays above the support zone.
This is a 4-hour chart of Gold Spot vs. U.S. Dollar (XAU/USD) published on April 10, 2025. It highlights a key technical setup with the following elements:
1. Support Zone (Blue): Around the 2,950 - 3,000 USD range. This area acted as a strong demand zone where price bounced upward after a sharp decline, indicating buyer interest.
2. Resistance Zone (Red): Near the 3,160 - 3,170 USD level. This area previously rejected upward momentum, making it a potential zone for price reaction again.
3. Recent Price Action:
Price had a strong rally from late March, creating higher highs.
It then experienced a correction down to the support zone.
The market reversed sharply from support, breaking out of the descending channel (red zone), and is now heading upward in a strong bullish leg (blue zone).
4. Target Price: The chart shows a bullish projection targeting 3165 USD, which aligns with the previous resistance zone.
5. Expected Move (Green Arrow): Suggests a possible minor pullback before continuing the bullish move towards the target.
Summary:
Gold is currently in a bullish phase after bouncing off support, and it's targeting the 3165 level. Traders may look for buying opportunities on pullbacks as long as price stays above the support zone.
Dagangan ditutup: sasaran tercapai
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t.me/+v5m1fJKkyZkwOTFk
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✅3-5 signals daily 🔥
🧊Create Account under the best broker
one.exnesstrack.org/a/mvwbq2626e
🧊Easy & Instant Deposit & Withdrawal
🧊Minimum 10$ deposit
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.