#XAUUSD Analysis
🔻 Bearish Trend (Correction)
Following the huge rally #XAUUSD #Gold shows some signs of correction.
Since price broke below the #ascending #trendline, momentum favors sell side.
Key downside targets (#Fibonacci extensions & support levels):
1) 3,633 (1.272)
2) 3,624 (1.414)
3) 3,610 (1.618)
Final bearish target zone: 3,595 – 3,584
If these levels don’t hold, price could slide further, but this zone is strong support.
🔺 Bullish Reversal Zones
watch these levels for potential bounces:
3,633 – 3,624 → first reaction zone (short-term bounce possible).
3,610 – 3,595 → stronger support cluster.
3,584 → major support (if defended, could trigger a bigger bullish reversal).
If price reverses upward, key resistance levels to break are:
3,646 (1.0 Fib, now resistance after being broken)
3,666 – 3,676 (Fib retracement levels)
A confirmed bullish breakout above 3,690 – 3,707 would invalidate the bearish outlook.
✅ Summary:
Bears are in control short-term, aiming for 3,595 – 3,584.
🔻 Bearish Trend (Correction)
Following the huge rally #XAUUSD #Gold shows some signs of correction.
Since price broke below the #ascending #trendline, momentum favors sell side.
Key downside targets (#Fibonacci extensions & support levels):
1) 3,633 (1.272)
2) 3,624 (1.414)
3) 3,610 (1.618)
Final bearish target zone: 3,595 – 3,584
If these levels don’t hold, price could slide further, but this zone is strong support.
🔺 Bullish Reversal Zones
watch these levels for potential bounces:
3,633 – 3,624 → first reaction zone (short-term bounce possible).
3,610 – 3,595 → stronger support cluster.
3,584 → major support (if defended, could trigger a bigger bullish reversal).
If price reverses upward, key resistance levels to break are:
3,646 (1.0 Fib, now resistance after being broken)
3,666 – 3,676 (Fib retracement levels)
A confirmed bullish breakout above 3,690 – 3,707 would invalidate the bearish outlook.
✅ Summary:
Bears are in control short-term, aiming for 3,595 – 3,584.
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.
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.