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 📈
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.
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.