XAUUSD Analysis: Potential Rounded Bottom Reversal Targeting $4,
This 30-minute chart analysis of Gold (XAUUSD) shows a clear shift in market structure. After a sustained bearish trend highlighted by the early June sell-offs, price action has formed a massive rounded bottom setup.
A long position is being framed from the current support levels near $4,300. With a tight stop loss placed just below the recent swing low at $4,271, this risk-to-reward setup targets a retest of the major resistance liquidity pool at $4,473.47. Watch for a confirmed bullish breakout past the immediate overhead structure to validate the upward trajectory.
A long position is being framed from the current support levels near $4,300. With a tight stop loss placed just below the recent swing low at $4,271, this risk-to-reward setup targets a retest of the major resistance liquidity pool at $4,473.47. Watch for a confirmed bullish breakout past the immediate overhead structure to validate the upward trajectory.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.