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📈 Professional Analysis: XAU/USD – GOLD Price Forecast 🟡
🗓️ Date: May 28–29, 2025 | ⏱ Timeframe: Intraday (Hourly)
🔍 Instrument: Gold vs. USD (XAU/USD)
📊 Technical Chart Summary
🟥 Resistance Zone:
📌 Level: $3,350 – $3,365
🛑 Price has rejected this zone multiple times, marking it as a strong supply area.
📉 Each test of resistance led to a pullback — showing seller strength 💪.
🟩 Support Zone:
📌 Level: $3,280 – $3,295
🛡 Multiple higher low bounces suggest this zone is being defended by buyers.
🔁 Price has formed 3 reaction lows, indicating accumulation 📥.
🔄 Structure & Pattern Recognition
🔺 Descending followed by Ascending Swings
⛳ Market shows a reversal attempt after forming a potential double bottom / triple test at support.
📈 Bullish structure forming with the latest swing creating a higher low.
📉 Past wave = Bearish Correction
📈 Current projection = Potential bullish impulse if the support holds.
📐 Projection & Price Action Forecast
📍 Current Price: $3,297.175
📈 Expected Move: Bounce off support → climb toward $3,330–$3,350 🔼
🧠 Rationale:
Price testing support again
Market respecting horizontal range
No clean breakdown yet
📊 Bullish Scenario (Primary)
🔁 Rebound off support
🎯 Target: Resistance zone ($3,350)
✅ Entry: Above $3,300 with bullish candle close
🛑 SL: Below $3,280
📉 Bearish Breakdown (Alternate)
❌ Break below $3,280
🎯 Target: $3,260 or lower
⚠️ Wait for confirmation candle
🔚 Conclusion
🟡 Gold (XAU/USD) is trading within a well-defined range with buyers stepping in near $3,290 and sellers near $3,355.
📌 Based on current technicals, there’s a higher probability of an upward move, unless support breaks decisively.
🛠️ Pro Tip:
💡 Use RSI + Volume to confirm momentum on breakout. Look for bullish divergence or volume surge near the bounce.
📈 Professional Analysis: XAU/USD – GOLD Price Forecast 🟡
🗓️ Date: May 28–29, 2025 | ⏱ Timeframe: Intraday (Hourly)
🔍 Instrument: Gold vs. USD (XAU/USD)
📊 Technical Chart Summary
🟥 Resistance Zone:
📌 Level: $3,350 – $3,365
🛑 Price has rejected this zone multiple times, marking it as a strong supply area.
📉 Each test of resistance led to a pullback — showing seller strength 💪.
🟩 Support Zone:
📌 Level: $3,280 – $3,295
🛡 Multiple higher low bounces suggest this zone is being defended by buyers.
🔁 Price has formed 3 reaction lows, indicating accumulation 📥.
🔄 Structure & Pattern Recognition
🔺 Descending followed by Ascending Swings
⛳ Market shows a reversal attempt after forming a potential double bottom / triple test at support.
📈 Bullish structure forming with the latest swing creating a higher low.
📉 Past wave = Bearish Correction
📈 Current projection = Potential bullish impulse if the support holds.
📐 Projection & Price Action Forecast
📍 Current Price: $3,297.175
📈 Expected Move: Bounce off support → climb toward $3,330–$3,350 🔼
🧠 Rationale:
Price testing support again
Market respecting horizontal range
No clean breakdown yet
📊 Bullish Scenario (Primary)
🔁 Rebound off support
🎯 Target: Resistance zone ($3,350)
✅ Entry: Above $3,300 with bullish candle close
🛑 SL: Below $3,280
📉 Bearish Breakdown (Alternate)
❌ Break below $3,280
🎯 Target: $3,260 or lower
⚠️ Wait for confirmation candle
🔚 Conclusion
🟡 Gold (XAU/USD) is trading within a well-defined range with buyers stepping in near $3,290 and sellers near $3,355.
📌 Based on current technicals, there’s a higher probability of an upward move, unless support breaks decisively.
🛠️ Pro Tip:
💡 Use RSI + Volume to confirm momentum on breakout. Look for bullish divergence or volume surge near the bounce.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.