Hello traders! Here’s my technical outlook based on the current XAUUSD (2H) chart structure. XAUUSD previously traded inside an ascending channel before breaking higher and later forming a descending channel. Price then tested the Supply Zone near 4,450, where sellers rejected the upside before pulling back toward demand.
Currently, XAUUSD is trading below the 4,450 Supply Zone while holding above the 4,310 Demand Zone. The recent bounce from support suggests buyers are preparing for another move higher.
As long as XAUUSD remains above 4,310 and respects the current support structure, the bullish scenario remains valid. A continuation higher could target 4,450 (TP1). However, a break below 4,310 would weaken the bullish outlook. Manage your risk!
Currently, XAUUSD is trading below the 4,450 Supply Zone while holding above the 4,310 Demand Zone. The recent bounce from support suggests buyers are preparing for another move higher.
As long as XAUUSD remains above 4,310 and respects the current support structure, the bullish scenario remains valid. A continuation higher could target 4,450 (TP1). However, a break below 4,310 would weaken the bullish outlook. Manage your risk!
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Feragatname
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🔶 Free telegram channel👉 t.me/heniitrading
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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.