Gold (XAU/USD) 1H Chart Analysis
💎 Gold (XAU/USD) 1H Chart Analysis
The price is consolidating near a key demand zone with significant resistance levels overhead.
Key Observations:
📈 Resistance Zones:
• 2676.07 - 2689.69: A breakout above these levels could trigger bullish continuation.
📉 Support Levels:
• Immediate support at 2637.03.
• Strong demand zones near 2616.51 and 2606.10.
💡 Strategy Tip: Monitor for a breakout or rejection near the resistance zone. A pullback to the demand areas may offer potential buy opportunities.
What’s your outlook for gold this week—bullish or bearish? Let’s hear your thoughts! 🚀💬
#GoldTrading #XAUUSD #ForexAnalysis #TechnicalTrading #TradingView #ForexMarket #GoldInvesting
The price is consolidating near a key demand zone with significant resistance levels overhead.
Key Observations:
📈 Resistance Zones:
• 2676.07 - 2689.69: A breakout above these levels could trigger bullish continuation.
📉 Support Levels:
• Immediate support at 2637.03.
• Strong demand zones near 2616.51 and 2606.10.
💡 Strategy Tip: Monitor for a breakout or rejection near the resistance zone. A pullback to the demand areas may offer potential buy opportunities.
What’s your outlook for gold this week—bullish or bearish? Let’s hear your thoughts! 🚀💬
#GoldTrading #XAUUSD #ForexAnalysis #TechnicalTrading #TradingView #ForexMarket #GoldInvesting
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