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 aktif
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.Trading ditutup secara manual
Gold also continues to fall rapidly and corrective movements are too small to expect.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
🚀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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.