XAUUSD: Bullish Recovery from 4,440 - Price Targets 4,700 Supply
Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
Gold was previously trading inside a downward channel, showing consistent bearish pressure with lower highs and lower lows. After a strong drop, price found support around the 4,440 zone and formed a base, followed by a breakout above resistance, signaling a shift in momentum.
Currently, price is trading inside an upward channel and holding above the 4,440 support zone, confirming it as a key demand area. At the same time, gold is approaching the 4,700 resistance zone, which aligns with a previous rejection level.
My Scenario & Strategy
As long as XAUUSD holds above the 4,440 support and respects the ascending channel, the bullish bias remains valid. A continuation higher could push price toward the 4,700 resistance, which is the main upside target.
However, if price breaks below 4,440, the bullish scenario would weaken and a deeper pullback could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Market Analysis
Gold was previously trading inside a downward channel, showing consistent bearish pressure with lower highs and lower lows. After a strong drop, price found support around the 4,440 zone and formed a base, followed by a breakout above resistance, signaling a shift in momentum.
Currently, price is trading inside an upward channel and holding above the 4,440 support zone, confirming it as a key demand area. At the same time, gold is approaching the 4,700 resistance zone, which aligns with a previous rejection level.
My Scenario & Strategy
As long as XAUUSD holds above the 4,440 support and respects the ascending channel, the bullish bias remains valid. A continuation higher could push price toward the 4,700 resistance, which is the main upside target.
However, if price breaks below 4,440, the bullish scenario would weaken and a deeper pullback could follow.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
İşlem aktif
So far everything is going according to plan. We are seeing a gradual recovery in gold. If everything continues like this, we will reach our goal!İşlem kapandı: hedefe ulaştı
The movement inside the ascending channel continued and we reached our goal! Congratulations to everyone!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🚀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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.