XAU/USD (Gold Spot / U.S. Dollar) 4-hour analysis,

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XAU/USD (Gold Spot / U.S. Dollar) 4-hour analysis with various technical indicators:

• Ascending Channel: Price is moving within an upward channel, highlighted in blue.

• Black Dots: Indicate possible resistance or swing high points.

• Blue Dots: Represent potential support levels or swing low points.

• Red Zone: Around 2,883.157, acting as a key support area where price might bounce.

• Entry Zone: Around 2,942.206, where a breakout or rejection could occur.

• Targets:

• 3,001.973

• 3,025.000

• 3,050.210



This chart suggests that gold is trading within a rising channel, moving towards resistance. A breakout above the channel could signal further bullish momentum, while a move downward might test the red zone as a support level.

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