Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
Gold was previously trading inside a downward channel, showing consistent bearish pressure with lower highs and lower lows. After a strong drop, price found support around the 4,440 zone and formed a base, followed by a breakout above resistance, signaling a shift in momentum.
Currently, price is trading inside an upward channel and holding above the 4,440 support zone, confirming it as a key demand area. At the same time, gold is approaching the 4,700 resistance zone, which aligns with a previous rejection level.
My Scenario & Strategy
As long as XAUUSD holds above the 4,440 support and respects the ascending channel, the bullish bias remains valid. A continuation higher could push price toward the 4,700 resistance, which is the main upside target.
However, if price breaks below 4,440, the bullish scenario would weaken and a deeper pullback could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
Gold was previously trading inside a downward channel, showing consistent bearish pressure with lower highs and lower lows. After a strong drop, price found support around the 4,440 zone and formed a base, followed by a breakout above resistance, signaling a shift in momentum.
Currently, price is trading inside an upward channel and holding above the 4,440 support zone, confirming it as a key demand area. At the same time, gold is approaching the 4,700 resistance zone, which aligns with a previous rejection level.
My Scenario & Strategy
As long as XAUUSD holds above the 4,440 support and respects the ascending channel, the bullish bias remains valid. A continuation higher could push price toward the 4,700 resistance, which is the main upside target.
However, if price breaks below 4,440, the bullish scenario would weaken and a deeper pullback could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
تم فتح الصفقة
So far everything is going according to plan. We are seeing a gradual recovery in gold. If everything continues like this, we will reach our goal!أغلقت الصفقة: تم الوصول للهدف
The movement inside the ascending channel continued and we reached our goal! Congratulations to everyone!
🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🚀If you want became part of my trading team & start making big profits welcome to my paid VIP signals group, write me✏️ t.me/ratner_1
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.