Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
Gold is trading near the 4,660 support zone after a strong move down inside a descending channel. This area previously acted as a demand zone and shows signs of buyer interest, especially after the recent sharp reaction from the lows.
Currently, price is attempting to stabilize above support while approaching the 4,810 resistance zone, which aligns with a previous breakout level.
My Scenario & Strategy
As long as price holds above the 4,660 support, a bullish reversal remains possible. A confirmed bounce from this zone could push gold toward the 4,810 resistance, which is the first upside target.
However, if price breaks below 4,660, the bullish scenario would fail and further downside could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
Gold is trading near the 4,660 support zone after a strong move down inside a descending channel. This area previously acted as a demand zone and shows signs of buyer interest, especially after the recent sharp reaction from the lows.
Currently, price is attempting to stabilize above support while approaching the 4,810 resistance zone, which aligns with a previous breakout level.
My Scenario & Strategy
As long as price holds above the 4,660 support, a bullish reversal remains possible. A confirmed bounce from this zone could push gold toward the 4,810 resistance, which is the first upside target.
However, if price breaks below 4,660, the bullish scenario would fail and further downside could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Trade ativo
We see that gold fell even lower but buyers quickly regained the level. So far the price continues to hold the support level we have identified.Trade fechado manualmente
Gold also continues to fall rapidly and corrective movements are too small to expect.
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❤️Welcome to my telegram channel👉🏼 t.me/ratner_trading
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🚀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
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.