Gold (XAU/USD) – 1H Chart Analysis (Feb 12, 2025)
📉 Market Structure:
Gold remains in an ascending channel, showing a steady uptrend.
Price recently made a lower high, indicating short-term weakness.
The key support zone ($2,850-$2,860) aligns with the lower trendline.
🔑 Key Levels to Watch:
Support: $2,850-$2,860 (trendline + demand zone)
Resistance: $2,900+ (recent high)
Major Downside Break Level: Below $2,850, risk of deeper retracement
📊 Potential Scenarios:
Bullish Case: If price bounces from $2,850-$2,860, it could resume the uptrend toward $2,900+.
Bearish Case: A confirmed break below $2,850 could push price to $2,820-$2,800 as the next key support.
📌 Conclusion: Gold is at a critical support level. If buyers step in at $2,850, we may see continuation to new highs. However, losing this level could shift momentum bearish. 🚀📉
📉 Market Structure:
Gold remains in an ascending channel, showing a steady uptrend.
Price recently made a lower high, indicating short-term weakness.
The key support zone ($2,850-$2,860) aligns with the lower trendline.
🔑 Key Levels to Watch:
Support: $2,850-$2,860 (trendline + demand zone)
Resistance: $2,900+ (recent high)
Major Downside Break Level: Below $2,850, risk of deeper retracement
📊 Potential Scenarios:
Bullish Case: If price bounces from $2,850-$2,860, it could resume the uptrend toward $2,900+.
Bearish Case: A confirmed break below $2,850 could push price to $2,820-$2,800 as the next key support.
📌 Conclusion: Gold is at a critical support level. If buyers step in at $2,850, we may see continuation to new highs. However, losing this level could shift momentum bearish. 🚀📉
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.
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.