- The current trend for XAUUSD/H1 remains unclear as the price continues to consolidate within a large trendline channel. It is expected that gold will continue to trade sideways, awaiting clearer developments regarding the US-Iran negotiations and whether the Freedom Project will trigger renewed conflict.
- The multi-timeframe EMAs (H4 - H2 - H1) are showing a purely bearish trend, with EMA34 below EMA89. However, market momentum is currently lacking, and investors are awaiting new information on the US-Iran negotiations.
- The (4641 - 4647) zone is a crucial resistance level for the next upward move; if the price breaks through this zone, the uptrend will resume. The (4583 - 4590) zone is a crucial support level; if the price breaks through this zone, a correction towards the support levels below will be possible.
✅ VIEW:
1. BUY SCENARIO:
- If the price breaks and closes above the resistance zone (4641 - 4647).
- If the price breaks the downtrend line and simultaneously closes above the EMA34 (H4).
=> Then the uptrend continues to the levels (466x - 467x) and further (470x - 472x).
=> Note that the area around the entry (4666 - 4671) was historically a strong support zone, converging with the H1 downtrend structure and the downtrend line on larger timeframes. If the price fails to break through, it may correct back to the sideways range (460x - 464x). A complete breakout would extend the uptrend.
2. SELL SCENARIO:
- If the price breaks and closes below the support zone (4583 - 4590).
- If the price breaks the uptrend line and simultaneously breaks the higher lows structure, the short-term downtrend will continue to test around support levels (456x) and further (453x - 454x).
=> When the price breaks the support zone (4533 - 4541), the downward momentum will expand strongly (if it fails to break, it will recover and continue sideways consolidation).
⚠️ NOTE: The market is expected to continue sideways within the trendline channel, awaiting clearer developments regarding the US-Iran negotiations. Waiting for a clear breakout of important resistance zones to trade in the direction of the trend will be safer. For sideways trading, always maintain discipline with stop losses – being proactive in trading will be safer and more optimal.
- The multi-timeframe EMAs (H4 - H2 - H1) are showing a purely bearish trend, with EMA34 below EMA89. However, market momentum is currently lacking, and investors are awaiting new information on the US-Iran negotiations.
- The (4641 - 4647) zone is a crucial resistance level for the next upward move; if the price breaks through this zone, the uptrend will resume. The (4583 - 4590) zone is a crucial support level; if the price breaks through this zone, a correction towards the support levels below will be possible.
✅ VIEW:
1. BUY SCENARIO:
- If the price breaks and closes above the resistance zone (4641 - 4647).
- If the price breaks the downtrend line and simultaneously closes above the EMA34 (H4).
=> Then the uptrend continues to the levels (466x - 467x) and further (470x - 472x).
=> Note that the area around the entry (4666 - 4671) was historically a strong support zone, converging with the H1 downtrend structure and the downtrend line on larger timeframes. If the price fails to break through, it may correct back to the sideways range (460x - 464x). A complete breakout would extend the uptrend.
2. SELL SCENARIO:
- If the price breaks and closes below the support zone (4583 - 4590).
- If the price breaks the uptrend line and simultaneously breaks the higher lows structure, the short-term downtrend will continue to test around support levels (456x) and further (453x - 454x).
=> When the price breaks the support zone (4533 - 4541), the downward momentum will expand strongly (if it fails to break, it will recover and continue sideways consolidation).
⚠️ NOTE: The market is expected to continue sideways within the trendline channel, awaiting clearer developments regarding the US-Iran negotiations. Waiting for a clear breakout of important resistance zones to trade in the direction of the trend will be safer. For sideways trading, always maintain discipline with stop losses – being proactive in trading will be safer and more optimal.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.