Will Gold Hold Support or Break Lower?

8 Kas

XAUUSD 30-Min Chart Analysis

Potential Scenarios

Bullish Scenario:
• Volume Bullish Divergence: Indicating a potential reversal if buying pressure continues.

• Strong Support: Price is near a key support level, which may hold and prompt an upward move.
• Falling Broadening Wedge: A potential bullish reversal pattern. If confirmed, this could lead to a breakout.


Bearish Scenario:
• If price breaks below the current channel, the next target could be 2656, with a possible further decline toward 2617 if selling pressure persists.


Key Levels to Watch:

• 2695
• 2700
• 2702
• 2710

As always, follow your risk management plan. Good luck, and happy trading!

11 Kas

İşlem kapandı: hedefe ulaştı

Target: 2656.250 Reached