Gold (XAU/USD) Analysis: Potential Breakout Above $2,820
This chart is a 1-hour timeframe
1. Price Action & Structure
The price is currently around $2,815.118.
There is a strong support zone around $2,780 - $2,790 (marked in purple).
The chart shows a sharp drop followed by a strong recovery, forming a W pattern (double bottom), which is a bullish reversal signal.
The price has retested a resistance zone around $2,815 - $2,820 multiple times.
2. Technical Indicators
Moving Averages:
The price is above the moving averages (blue & green lines), suggesting a bullish trend.
Bollinger Bands:
The price is near the upper band, indicating strong bullish momentum but potential resistance.
3. Prediction & Possible Move
The red arrow suggests an expected breakout above the resistance zone ($2,815 - $2,820).
If it breaks and holds above this level, the next potential target could be $2,830 or higher.
If rejection happens, a retracement to $2,800 - $2,805 could occur before another push.
Conclusion
Bullish Bias: The chart suggests a possible breakout, but confirmation is needed.
Watch the $2,820 level: If it breaks and holds, the price could rally
1. Price Action & Structure
The price is currently around $2,815.118.
There is a strong support zone around $2,780 - $2,790 (marked in purple).
The chart shows a sharp drop followed by a strong recovery, forming a W pattern (double bottom), which is a bullish reversal signal.
The price has retested a resistance zone around $2,815 - $2,820 multiple times.
2. Technical Indicators
Moving Averages:
The price is above the moving averages (blue & green lines), suggesting a bullish trend.
Bollinger Bands:
The price is near the upper band, indicating strong bullish momentum but potential resistance.
3. Prediction & Possible Move
The red arrow suggests an expected breakout above the resistance zone ($2,815 - $2,820).
If it breaks and holds above this level, the next potential target could be $2,830 or higher.
If rejection happens, a retracement to $2,800 - $2,805 could occur before another push.
Conclusion
Bullish Bias: The chart suggests a possible breakout, but confirmation is needed.
Watch the $2,820 level: If it breaks and holds, the price could rally
İşlem kapandı: hedefe ulaştı
🎯 Target Hit! Another Successful Trade! 🎯
Patience and strategy always pay off! As predicted, our GOLD analysis played out perfectly, hitting our target with precision. 🚀🔥
This is why we trust the process, respect market structure, and execute with confidence.
Huge thanks to all my amazing followers for your support! Let's keep learning and winning together! 💰📊
#ForexQueen #GoldTrading #SuccessfulAnalysis #TradingView #Forex #PriceAction #WinningTrades
İlgili yayınlar
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.