XAUUSD / GOLD – 1H BUY PROJECTION
Gold is showing a bullish reversal setup on the 1H timeframe after breaking above the descending trendline. Buyers have gained momentum, and the chart suggests a possible continuation higher as long as the key support zone holds.
Buyer Entry Zone: Around 4347 – 4352
Current Price: Around 4356
Fibonacci Support: 4335.35 (0.618) and 4331.16 (0.50)
Major Support / Stop-Loss Area: Around 4329 – 4330
Target 1: Around 4372 – 4374 — previous swing-high resistance
Target 2: Around 4399 – 4400 — major resistance / psychological level
Technical View
The previous 1H downtrend line has been broken, which is an early bullish confirmation. Price has also moved strongly above the 4330–4335 support region. A small pullback toward the marked buyer zone followed by bullish confirmation could support another upward move.
Bullish Bias: Above 4347, with stronger support at 4330–4335.
Invalidation: A strong 1H close below 4329 would weaken this bullish projection.
Projection: 4350 → 4373 → 4400 📈
Gold is showing a bullish reversal setup on the 1H timeframe after breaking above the descending trendline. Buyers have gained momentum, and the chart suggests a possible continuation higher as long as the key support zone holds.
Buyer Entry Zone: Around 4347 – 4352
Current Price: Around 4356
Fibonacci Support: 4335.35 (0.618) and 4331.16 (0.50)
Major Support / Stop-Loss Area: Around 4329 – 4330
Target 1: Around 4372 – 4374 — previous swing-high resistance
Target 2: Around 4399 – 4400 — major resistance / psychological level
Technical View
The previous 1H downtrend line has been broken, which is an early bullish confirmation. Price has also moved strongly above the 4330–4335 support region. A small pullback toward the marked buyer zone followed by bullish confirmation could support another upward move.
Bullish Bias: Above 4347, with stronger support at 4330–4335.
Invalidation: A strong 1H close below 4329 would weaken this bullish projection.
Projection: 4350 → 4373 → 4400 📈
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.
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.