XAU/USD chart analysis with Targets (1-week timeframe) shows a strong bullish trend with key levels of support, resistance, and breakout zones. Here’s a breakdown:
Current Market Status (as per chart) Current Price: ~$2,882 Major Support - 1: $2,805 - $2,750 Major Support - 2: $1,805 - $1,759 (old levels) Short-Term Target: $3,255 - $3,303 Long-Term : Above $3,500 AND +
Key Observations & Trading Insights 1. Strong Uptrend & Breakout Confirmation - Price has broken past multiple resistance levels, turning them into support. - Holding above $2,805 - $2,750 will maintain bullish momentum.
2. Next Resistance Levels: - First Target - $3,255 - $3,303→ Short-Term Target - Second Target - $ 3760 - $3800- Long term Target
3. Possible Pullbacks (Buy Zone) - If price retests $2,805 - $2,750 and holds, it could be a strong buy zone. - Below this, $2,555 - $2,535 is the next key support.
4. Bullish Confirmatio - If price breaks above $3,255, it could quickly move toward $3,500+.
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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.