Gold Testing Triangle Resistance Inside Descending Channel | XAU
Gold is trading within a broader descending channel while forming a short-term ascending triangle near the upper boundary. The recent recovery has improved short-term momentum, but price is now approaching a key confluence where horizontal resistance and channel resistance meet.
The projected path suggests that price may briefly pull back to retest nearby support before attempting another push higher. If buyers maintain higher lows and successfully overcome the channel resistance, the next upside levels could gradually come into focus.
Until a confirmed breakout develops, the highlighted resistance zone remains an important technical area that could influence short-term price action.
Key Support
4,040
4,020
4,000
Key Resistance
4,060
4,100
4,165
Potential Targets
🎯 Target 1: 4,060
🎯 Target 2: 4,100
🎯 Target 3: 4,165
The projected path suggests that price may briefly pull back to retest nearby support before attempting another push higher. If buyers maintain higher lows and successfully overcome the channel resistance, the next upside levels could gradually come into focus.
Until a confirmed breakout develops, the highlighted resistance zone remains an important technical area that could influence short-term price action.
Key Support
4,040
4,020
4,000
Key Resistance
4,060
4,100
4,165
Potential Targets
🎯 Target 1: 4,060
🎯 Target 2: 4,100
🎯 Target 3: 4,165
Trade aktif
update
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.