XAUUSD Long: Accumulation Above 4,700 Targets Buy-Side Liquidity

Hello traders! Here’s my technical outlook based on the current XAUUSD (2H) chart structure. Gold previously moved inside a descending channel, forming lower highs and confirming bearish pressure. After a breakdown, price found a bottom near a pivot point and started a recovery phase. Price also reclaimed the 4,700 demand zone, confirming it as a key support level.

Currently, gold is consolidating inside a range just below the 4,850 supply zone, while holding above support. This indicates accumulation and building pressure under resistance.

As long as XAUUSD holds above the 4,700 support and respects the rising demand line, the bullish bias remains valid. A breakout above the 4,850 resistance could trigger continuation toward higher levels (TP1). Manage your risk!

İşlem aktif

The price continues to consolidate before the next move. So we wait and watch!

İşlem elle kapatılmış

We can see a breakout of the ascending support line, which may indicate weakness of buyers at this stage, so we need to reconsider the setup!

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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.

heniitrading

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