(XAU/USD) Key Zones & Breakout Potential – 1H Chart Analysis

10 Mar

This XAU/USD (Gold Spot) 1-hour chart highlights crucial market zones, including a Supply Zone near 2,930, a Support Zone around 2,900, and a Demand Zone below 2,860. A prior breakout from resistance led to a bullish push into the supply zone, where price consolidation is evident.

Currently, gold is trading within a range between the Support Zone and Supply Zone. A potential breakout below the Support Zone could lead to a sharp decline toward the Demand Zone near 2,860. Conversely, if buyers defend this level, another upward attempt toward the Supply Zone is likely. Traders should monitor price action closely for confirmation signals.


(NOTE)
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10 Mar

İşlem aktif

11 Mar

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Active trade running 210 pips in profit

12 Mar

İşlem kapandı: hedefe ulaştı

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NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!