Intraday Setup, Resistance Holds! Will Gold Drop Further?

26 Şub

🔹Technical Analysis of Gold (XAU/USD) - 1H Chart

▪️ Key Levels:
- Resistance Zone: 2,926.704 USD (Marked in red)
- 1st Target (Support Level): 2,899.780 USD
- 2nd Target (Support Level): 2,880.499 USD

▪️Analysis:
1. Resistance Zone & Potential Rejection:
- The red-shaded area highlights a strong resistance zone around 2,926.704 USD.
- Historically, price has struggled to break above this level, indicating a supply zone where sellers are active.
- The price attempted to break this area but faced rejection, signaling bearish pressure.

2. Projected Price Action:
- The chart suggests that if price retests the resistance zone and fails to break above it, a further downside move is expected.
- A lower high formation within this zone would confirm a continuation of the downtrend.

3. Bearish Targets:
- First target: 2,899.780 USD (Key support level)
- Second target: 2,880.499 USD (Stronger support, potential bounce zone)

4. Volume Analysis:
- The volume bars at the bottom indicate selling momentum is increasing, supporting the bearish outlook.

🔹Conclusion:
- Bearish Bias: If the price fails to break the 2,926.704 resistance, a drop towards 2,899.780 and potentially 2,880.499 is likely.
- Invalidation: A clear breakout above the resistance zone would invalidate the bearish scenario, potentially leading to a bullish push towards higher levels.

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26 Şub

Not

gold price still in range , still waiting for price come into our selling zone.

26 Şub

Emir iptal

PRICE NOT COME TO OUR AREA AND HIT OUR TARGETS.

27 Şub

Not

the next day price come to our area , selling zone and give us to sell targets ahead, and now enjoy 400 pips+ profits.