Gold (XAU/USD) 1H Technical Analysis – Forecast & Breakdown
🔹 Chart Overview:
This 1-hour timeframe analysis highlights a clear ascending channel formation, with both support and resistance trendlines drawn precisely. The price recently tested the resistance zone near 3,390, which aligns with a Heavy Resistance Area, and showed signs of rejection.
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🔍 Key Zones & Trendlines:
🔴 Heavy Resistance Zone: 3,390 – Strong bearish rejection observed.
🔵 Resistance Trendline: Price failed to break above, indicating selling pressure.
🟢 Support Trendline: Has been respected multiple times but looks weak now.
🟤 Strong Support Zone: Around 3,297 – If price breaks below the channel, this zone is the next major support.
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📉 Forecast & Market Sentiment:
A breakdown is expected from the current level. If the price closes below the support trendline, it may retrace sharply toward the 3,297 zone. Volume indicators also hint at potential bearish momentum building.
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💡 Conclusion:
Gold is currently in a reversal phase after hitting strong resistance. If you’re trading, wait for a confirmed break below the ascending support line for a potential short entry. Conservative traders should wait for a retest after the breakout.
🔹 Chart Overview:
This 1-hour timeframe analysis highlights a clear ascending channel formation, with both support and resistance trendlines drawn precisely. The price recently tested the resistance zone near 3,390, which aligns with a Heavy Resistance Area, and showed signs of rejection.
---
🔍 Key Zones & Trendlines:
🔴 Heavy Resistance Zone: 3,390 – Strong bearish rejection observed.
🔵 Resistance Trendline: Price failed to break above, indicating selling pressure.
🟢 Support Trendline: Has been respected multiple times but looks weak now.
🟤 Strong Support Zone: Around 3,297 – If price breaks below the channel, this zone is the next major support.
---
📉 Forecast & Market Sentiment:
A breakdown is expected from the current level. If the price closes below the support trendline, it may retrace sharply toward the 3,297 zone. Volume indicators also hint at potential bearish momentum building.
---
💡 Conclusion:
Gold is currently in a reversal phase after hitting strong resistance. If you’re trading, wait for a confirmed break below the ascending support line for a potential short entry. Conservative traders should wait for a retest after the breakout.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.