Hello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. XAUUSD previously traded inside a descending structure before breaking higher with a strong impulse and shifting bullish. Price then formed a range, tested the 4,440 Seller Zone, and pulled back before bouncing from the Buyer Zone and ascending Trend Line. Currently, XAUUSD is trading below the 4,440 Seller Zone while holding above the 4,300 Buyer Zone and the ascending Trend Line. The recent bounce from support suggests buyers are defending this area and preparing for another move higher. As long as XAUUSD remains above the 4,300 Buyer Zone and respects the ascending Trend Line, the bullish scenario remains valid. A continuation higher could push price toward the 4,440 Seller Zone (TP1). However, a breakdown and close below the Buyer Zone would weaken the bullish outlook and increase the possibility of further downside. Please share this idea with your friends and click "Boost" 🚀
Trade attivo
Today we saw a retest of the trend line and support level. The price is holding so far, which is a good signal for my scenario!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.