30-minute (Gold Spot vs. U.S. Dollar) , highlighting key S/R.

30-minute XAU/USD (Gold Spot vs. U.S. Dollar) , highlighting key support and resistance levels.



Key Observations:

1. Resistance Zones:

• Two areas are marked as “RESISTANCE,” where the price previously faced rejection and moved downward.

2. Strong Support:

• A strong support zone is marked, where the price bounced upward.

3. Entry Zone:

• Around 2,932, an Entry Zone is highlighted, indicating a potential breakout area.

4. Breakout Alert:

• If the price drops below 2,910, further downside movement is expected (marked in red).

5. Potential Trade Setup:

• If the price breaks above resistance, a buy trade could be considered.

• If the price breaks below support, a sell trade is likely.



This is a price action-based trading plan, focusing on support/resistance breakouts.