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Xauusdforecast

Gold (XAU/USD) Testing Key Resistance – Potential Pullback BeforAnalysis: Gold (XAU/USD) is currently trading around 4145, approaching a significant resistance zone between 4100 and 4120, marked as the first target region. This level previously acted as strong resistance, and price may experience a temporary pullback before resuming upward momentum. The strong psychological support zone near 3890–3920 served as a solid foundation for the recent bullish reversal, confirmed by double-bottom formations and consistent higher highs. If gold maintains momentum above 4120, the next upside target lies around 4210, aligning with previous structural highs and a major supply zone. However, rejection from the current resistance could trigger a short-term retracement toward 4100 before another push upward. Summary: Immediate Resistance: 4100–4120 Next Target: 4210 Key Support: 3890–3920 Bias: Bullish above 4100, potential retracement before continuation
OANDA:XAUUSDLong
by DrForexPhd
Gold Faces Rejection at Resistance Zone – Potential Bearish CorrAnalysis: The gold price (XAU/USD) is currently testing a strong resistance zone near $4,235–$4,240, where previous bullish momentum appears to be slowing down. Sellers are showing interest in this area, suggesting a potential bearish reversal or correction phase. A clear support zone lies around $4,140–$4,150, which serves as the target for the expected downward move. If price breaks below this support, further declines could extend toward the next demand zone. However, if gold breaks and closes above the resistance zone with strong volume, it could invalidate this bearish setup and open the path to new highs. Key Points: Resistance Zone: $4,235 – $4,240 Support Zone: $4,140 – $4,150 Short-term Bias: Bearish correction expected Target: Support zone near $4,145
OANDA:XAUUSDShort
by DrForexPhd
Gold Bullish Continuation Setup from Ascending Channel Support✅ Analysis – XAUUSD (Gold) 1. Market Structure Price is moving inside a clean ascending channel, showing a sustained uptrend. The lower boundary (rejection line) is acting as strong support, where buyers have entered repeatedly. The current price action is showing a pullback toward this support area, which is typical before a continuation move higher. 2. Current Price Action Price has retraced back into the buy zone near the channel support. Candlesticks show slowing bearish momentum, suggesting buyers may soon take control. Your chart projection indicates a possible bullish bounce. 3. Trade Setup ✅ Buy Zone: Near the rejection line / lower channel ✅ SL (Stop-Loss): Below the support line — smart placement to protect against channel breakdown ✅ Target: Upper resistance of the channel (around 4230 – 4260 zone) This gives a good risk-to-reward ratio, based on trend continuation. 4. Bullish Expectation As long as price stays above the rejection line, the uptrend remains valid. A bounce from this zone is likely to push price toward the target box.
OANDA:XAUUSDLong
by DrForexPhd
Gold – Bullish Trendline Retest Points Toward Move to 4,120 USDAnalysis (English): Gold (XAU/USD) is maintaining a clear bullish uptrend, supported by a strong ascending trendline. After a sharp push upward, the price is now pulling back, moving toward a key demand zone aligned with the trendline. The chart projection indicates a likely scenario: ✅ Bullish Scenario (Most Probable) Price corrects down into the demand zone and touches the trendline. Buyers step in and defend the level. A bullish continuation move develops, pushing price toward the upper resistance zones at: 4,100 USD 4,115 – 4,120 USD As long as the price remains above the trendline, the bullish structure stays intact. ⚠️ Bearish Risk If the price breaks below the trendline (around 4,050 USD), momentum could slow and shift into a deeper correction.
OANDA:XAUUSDLong
by DrForexPhd
XAUUSD/GOLD 1H SELL PROJECTION 11.11.25XAUUSD/GOLD 1H Sell Projection (11.11.25) chart. Here’s a quick technical breakdown of what this chart represents: 🟣 Setup Overview Pair: XAUUSD (Gold) Timeframe: 1 Hour (H1) Bias: Bearish (Sell Setup) 🧩 Key Levels Resistance / High: 4148.82 Stoploss: ~4141.63 Entry Zone: ~4129.45–4128.32 Target 1 (TP1): Around 4110 (S1 + FVG zone) Target 2 (TP2): Around 4081 (S2 zone) 📉 Projection Logic Price rejected from major resistance at 4148. A short-term pullback / retracement is expected into the entry zone. After possible retest, price is expected to drop towards TP1 and TP2. The setup suggests a Risk-Reward Ratio (RRR) of roughly 1:2.5 to 1:3, favoring the sell side. ⚙️ Trading Idea Summary Parameter Value Bias Sell Entry Range 4128–4130 Stop Loss 4141 Take Profit 1 (TP1) 4110 Take Profit 2 (TP2) 4081 R:R Ratio ≈ 1:3 Confirmation Bearish engulfing or rejection from resistance zone
FXOPEN:XAUUSDShort
by kripsonasir
Gold Rejection at Resistance – Bearish Channel Targeting 3930📉 Analysis: The chart shows a clear shift from an uptrend into a bearish correctional channel: 1. Uptrend Broken Price previously followed a clean uptrend channel, making BOS (Break of Structure) swings upward. A ChoCH (Change of Character) occurred, confirming momentum weakening. 2. Strong Resistance Zone Price entered the 4018–4030 resistance level, marked as a weak high. This zone acted as a reaction area, causing multiple rejections. 3. Bearish Channel Formation After hitting resistance, price began forming lower highs and lower lows inside a falling channel. The rejection line confirms sellers defending the zone. 4. Expected Bearish Leg The projected path shows consolidation inside the channel followed by a sharp downward impulsive move. Clean liquidity below supports the bearish scenario. 5. Targets Major target: 3930 (Highlighted as the trader's target and matches channel support + demand zone.) 📌 Summary Gold is rejecting the 4020–4030 resistance and forming a bearish channel. A continuation downward toward 3930 remains likely unless price breaks above the resistance with strong momentum.
OANDA:XAUUSDShort
by DrForexPhd
Gold Rejection at Resistance with Potential Bearish PullbackAnalysis: The chart shows XAUUSD approaching a strong horizontal resistance zone around 4015–4020, a level where price has previously been rejected multiple times (highlighted in yellow). The market recently broke out of a falling channel, showing short-term bullish momentum, but now price is stalling again at this key resistance. The grey zone above suggests a supply area, and the white arrow indicates a projected bearish move. As long as gold stays below this resistance, the probability of a downward correction increases. A potential bearish target appears around 3900–3920 (previous support zone), where buyers may re-enter. Key Points: Strong multi-touch resistance at 4015–4020 Price showing early rejection signs Bearish correction likely if price fails to break above resistance Downside targets: 3920, possibly 3900
OANDA:XAUUSDShort
by DrForexPhd
technical analysis of the chart you shared (U.S. Dollar IndexCurrent Price: 100.112 Bias: Bullish short-term Timeframe: 15-min The chart shows a clear bullish structure with higher highs and higher lows forming. The price recently bounced from a minor support zone around the 100.00 level and is showing momentum to the upside. 📊 Key Levels Support Level: 99.750 – 99.850 (major zone from previous lows) Buy Zone: 100.000 – 100.050 (minor support/entry zone) Target Point: 100.460 ⚙️ Analysis Summary Price has broken above short-term resistance and is now retesting the buy zone, suggesting a possible continuation higher. The ascending trendline (dotted white line) supports this bullish bias. The yellow zigzag projection indicates expected consolidation before a push upward. 🎯 Trading Plan (Based on Chart Setup) Entry Zone: Around 100.000 – 100.050 Stop Loss: Below 99.900 (below structure support) EURONEXT:AEX TVC:AEX INDEX:AMX EURONEXT:A12LE EURONEXT:AAX EURONEXT:AAXG EURONEXT:AE10S EURONEXT:AE12S EURONEXT:AESGG EURONEXT:AESGN EURONEXT:AESGP EURONEXT:AEX4S EURONEXT:AEX6L EURONEXT:AMXGR EURONEXT:AEXGR TVC:AEX Take Profit: 100.460 (target zone) Risk/Reward Ratio: Approximately 1:3 🔍 Conclusion The chart suggests a short-term bullish scenario for DXY (U.S. Dollar Index). A successful bounce from the 100.00 zone could lead to a move toward the 100.46 target point. However, a break below 99.90 would invalidate the setup and shift bias to neutral or bearish.
TVC:DXYLong
by MR_NARCOS_ANALYSIS
Gold Faces Strong Rejection at Supply Zone – Bearish ContinuatioThe chart shows Gold testing a strong supply zone around 4000–4025. Price attempted to push higher but failed, forming a clear rejection wick followed by consolidation. Key observations: Supply Zone (Resistance): 4000–4025 area has repeatedly rejected price, showing strong seller presence. Structure: Market is forming lower highs, indicating weakening bullish momentum. Break & Retest: Price pulled back to the broken structure level and is now reacting bearishly. Projected Move: The arrow suggests a potential drop toward the 3900–3910 demand zone. Momentum: Candlestick rhythm supports a bearish continuation scenario as long as price stays below 4000. ✅ Bearish Bias If the rejection holds: Downside target: 3900–3910 Invalidate bearish idea: A 4H close above 4025
OANDA:XAUUSDShort
by DrForexPhd
Gold Range Compression — Breakout Imminent🟥 Resistance Zone (Key Supply Zone): 4028 – 4045 Price has tested this zone multiple times but failed to break through. A clean break above this red zone will signal strong bullish continuation. 🟦 Support Zone (Key Demand Zone): 3995 – 4005 This is the immediate support keeping price from falling lower. A break below this blue zone will confirm bearish momentum. ✅ Bullish Scenario If price breaks and retests the red zone (4028–4045): Expect upward continuation Target 1: 4060 Target 2: 4095 – 4105 This matches the upward blue arrows on your chart. ✅ Bearish Scenario If price breaks below 3995 and retests the blue zone as resistance: Expect strong downward momentum Target 1: 3960 Target 2: 3925 This matches the downward blue arrows shown. ✅ Current Bias Market is neutral right now — sitting between support and resistance. A breakout from either zone will decide the next direction.
OANDA:XAUUSD
by DrForexPhd
technical analysis for your chart on Gold (XAU/USDCurrent Price: $4,002 Trend Structure: The pair is showing a potential reversal setup after a completed downward channel. Recent Pattern: Price has broken slightly above the descending channel and is now retesting the breakout zone around the support level ($3,950–$3,980). 🔹 Key Technical Levels Support Zone: $3,940 – $3,980 → Strong accumulation area shown by multiple rejections and previous demand. Immediate Resistance: $4,080 – $4,120 → Minor resistance expected as the first hurdle after breakout. Major Resistance (Target): $4,385 → Marked as the final bullish target on the chart. 📈 Bullish Scenario If price sustains above $4,000, we can expect: A short-term retest of $4,080–$4,120. Once momentum confirms above $4,120, bullish continuation toward $4,200 → $4,385 (main target). ✅ Buy Confirmation: Break and close above $4,050 with volume. Retest of $4,000 zone followed by bullish rejection candle. 🎯 Bullish Targets: TP1: $4,080 TP2: $4,200 TP3: $4,385 📉 Bearish Scenario If price rejects $4,000 and closes below the support zone ($3,950): Downside may resume toward $3,880 – $3,820 range. That would invalidate the bullish breakout and confirm channel continuation. 🚫 Sell Trigger: 3H close below $3,940. 🎯 Bearish Targets: TP1: $3,880 TP2: $3,820 📊 Conclusion Structure is shifting from bearish to bullish after a channel breakout. The $3,950–$4,000 area is key — a stronghold for bulls. Expect a bullish rally if support holds, targeting $4,385 in the medium term. NSE:NIFTY1! NSEIX:NIFTY1! MCX:GOLD1! MCX:CRUDEOIL1! MCX:NATURALGAS1! MCX:SILVER1! NSE:BANKNIFTY1! CME_MINI:NQ1! MCX:GOLDM1! COMEX:GC1! MCX:SILVERM1! MCX:GOLDPETAL1!
FOREXCOM:XAUUSDLong
by MR_NARCOS_ANALYSIS
XAUUSD/GOLD 4H WEEKLY BUY PROJECTION 02.11.25XAUUSD (Gold) 4H Weekly Buy Projection for 02.11.25. Here’s a breakdown of what your chart indicates: 🧭 Technical Overview: Pattern Forming: Symmetrical Triangle inside a larger Parallel Downtrend Channel. Key Confirmation: “W” pattern confirmation with 0.618 Fibonacci retracement zone, indicating strong potential reversal. Current Price Zone: Around 4002, consolidating near triangle resistance. 🔍 Key Levels: Support S1: ~3960 Support S2: ~3920 Resistance R1: ~4040 Resistance R2: ~4080 Resistance R3: ~4160 📈 Projection Summary: If Price Breaks Triangle Upward: → Strong bullish momentum expected toward R1–R3 zones. → “Huge buy expected” once breakout candle closes above the upper trendline with volume. Invalidation: → If price breaks below 3960, the bullish setup weakens. → Below 3920, trend may retest the lower parallel channel zone. 💡 Trading Plan (Based on Chart Logic): Buy Entry: Above 4040 confirmation breakout Target 1: 4080 Target 2: 4160
OANDA:XAUUSDLong
by kripsonfx97
XAU/USD — Rejection Expected from Resistance Zone for Bearish CoCurrent Price: $4,005 Resistance Zone: $4,020 – $4,040 Gold is approaching a strong resistance area that previously triggered a pullback. Trend Structure: The market is moving inside a short-term ascending channel, but momentum shows signs of exhaustion near the upper boundary. Key Observation: A false breakout or rejection at the resistance could initiate a downward correction. Bearish Signal Setup: Entry Zone (Sell): $4,015 – $4,035 (look for rejection candles or bearish engulfing near resistance) Target 1: $3,960 Target 2 (Main Target): $3,913 Stop Loss: $4,045 above resistance zone EUREX:FDAX1! ICEEUR:RC1! ICEEUR:BRN1! ICEEUR:WBS1! EUREX:FESX1! EUREX:FGBL1! EUREX:FDXM1! Risk/Reward Ratio: Approx. 1:2.5 Confirmation: Wait for bearish confirmation candle on 15M or 30M timeframe. Break below $3,980 will strengthen bearish momentum toward target. Signal Summary (📉 Sell Setup): Direction Entry TP1 TP2 SL ICEEUR:Z1! ICEEUR:W1! EUREX:FGBM1! EUREX:FGBS1! EUREX:FGBS1! ICEEUR:GWM1! EUREX:FXXP1! EUREX:DOWF1! ICEEUR:XZ1! 🔻 SELL 4,015 – 4,035 3,960 3,913 4,045
FOREXCOM:XAUUSD
by MR_NARCOS_ANALYSIS
technical analysis for your XAU/USD (Gold vs USD) chart:XAU/USD (Gold) 15-Min Chart Analysis – 29 Oct 2025 Market Structure The previous descending channel has been broken to the upside, indicating a potential trend reversal from bearish to bullish. Price retraced back to a support level zone (≈ $3,920 – $3,940), where buyers are likely to defend. Key Levels Support Zone: 3,920 – 3,940 → Price already tested this area with strong rejection wicks, showing buyer interest. Resistance Zone: 3,980 – 4,020 → Short-term resistance; a breakout above 4,020 confirms bullish momentum. Target Level: 4,142 → As marked on your chart, this is the projected bullish target after confirmation of upward continuation. Price Action After a downward correction, gold found support and formed a double-bottom-type pattern near the 3,940 level. Price is currently consolidating above support, signaling potential accumulation before an upward push. Momentum Outlook If price holds above 3,940, expect a move towards 4,000 → 4,020, followed by a breakout to 4,142 (target). However, if 3,920 support breaks, the price may retest 3,880–3,860, resuming short-term bearish momentum. 📈 Trading Bias Bullish bias above 3,940 (target 4,142). Bearish only below 3,920 (target 3,860). EURONEXT:NH7X2025 EURONEXT:PE6X2025 EURONEXT:PE7X2025 EURONEXT:A57X2025 EURONEXT:AJ7X2025 EURONEXT:AJ7X2025 EURONEXT:B16X2025 EURONEXT:B17X2025 EURONEXT:BC6X2025 EURONEXT:BC7X2025 EURONEXT:BC8Z2025 EURONEXT:FE6X2025 EURONEXT:MH7X2025
FOREXCOM:XAUUSDLong
by MR_NARCOS_ANALYSIS
“Gold Rebounds from Demand Zone — Short-Term Recovery Ahead”Analysis: Gold (XAU/USD) on the 4-hour chart shows a strong corrective decline after forming an SMC trap near the 4,250–4,300 zone, where liquidity was swept before a sharp selloff. Price has now reached the High Probability POI (Point of Interest) around the 3,850–3,880 region, showing early signs of a bullish reaction. The recent candle structure indicates buyers are stepping in from this demand zone, confirming a potential short-term reversal. If momentum sustains, the first target zone lies around 3,950–3,980, aligning with minor resistance and previous imbalance fill. Outlook: 📈 Bias: Bullish correction (short-term) 🧭 Key Support: 3,850 – 3,880 🎯 Target: 3,950 – 3,980 ⚠️ Invalidation: Break below 3,840 may reopen bearish continuation toward 3,780
OANDA:XAUUSDLong
by Pipshunter27
Gold Breaks Key Support Zone — Bearish Momentum Builds Below $4,Analysis: The XAU/USD (Gold vs. USD) 45-minute chart shows a clear breakdown below the established support zone, indicating a shift in market sentiment from consolidation to bearish momentum. The support zone around $4,050 – $4,000 had previously held multiple times, acting as a strong demand area. The recent breakout below this zone confirms a potential trend continuation to the downside. Price action suggests a bearish pattern with lower highs and lower lows forming before the breakout. A retest of the broken support (now resistance) may occur before the next leg lower. The next major target lies near $3,900 – $3,850, aligning with the projected measured move. Technical Outlook: If gold fails to reclaim the $4,050 level, further downside pressure remains likely. However, a close back above this level could invalidate the bearish breakout and signal a possible false break.
OANDA:XAUUSDShort
by DrForexPhd
GOLD - ENTERS COREECTION PHASESymbol - XAUUSD Gold is currently undergoing a corrective phase following approximately six weeks of aggressive upward movement. Price action is forming a consolidation range while continuing to pressure the support zone. The recent record breaking rally became overheated, prompting profit-taking and long liquidation. Additionally, a gradual shift in market sentiment and macroeconomic backdrop is contributing to capital outflows. However, ongoing US–China trade negotiations, the US government shutdown, and heightened geopolitical uncertainty, including the cancellation of Trump’s meeting with President Putin, continue to pose economic risks that could provide underlying support for the precious metal. Overall, the current pullback appears to be a healthy corrective pause within the broader structure. The 4000 level remains a critical support area. A sustained recovery above 4110 would indicate that buyers are interested, though further momentum largely depends on developments surrounding global trade policies. Resistance levels: 4100, 4110, 4163 Support levels: 4058, 4000 A decisive breakdown of the lower boundary of the trading range could trigger a deeper corrective wave. The 4000 level is the primary focus, as strong volatility may occur around this zone. Given the current market conditions - with declines matching the previous intensity of the rally, patience is warranted until momentum stabilizes, enabling more informed technical decisions.
OANDA:XAUUSDShort
by akshit_official
2
XAUUSD/GOLD WEEKLY SELL PROJECTION 26.10.25Here’s a clear explanation of the 4H SELL SETUP shown in your chart 📊👇 📌 Chart Breakdown (XAU/USD — Gold 4H) Pattern: Rising wedge / structure breakdown Trendline: “4H Uptrend Line – Broken” ✅ Candle signal: Bearish Engulfing at ATH (strong reversal confirmation) 🧭 Key Levels 🟥 Stop Loss: Around 4,225.640 (above structure high) 🟡 Entry Zone: ~4,192 (below trendline break) 🟢 Targets: TP1: 4,125 TP2: 4,075 TP3: 4,031 🧠 Trading Logic Market formed a Bearish Engulfing at the top. The main trendline was broken, indicating possible trend reversal. After a retest of the broken structure, price is expected to continue downward. Multiple TPs (TP1, TP2, TP3) help scale out profits gradually. SL is placed above the previous high to protect against a fake breakout.
OANDA:XAUUSDLong
by kripsonfx97
XAUUSD/GOLD WEEKLY OVERVIEW PROJECTION 25.10.25“XAUUSD/GOLD WEEKLY OVERVIEW 25.10.25”: 🟡 Pair: XAUUSD (Gold vs USD) 📅 Timeframe: Weekly 📊 Chart Type: Price action with liquidity zone and retest entry plan 📌 Key Levels: Resistance / Upper Target Zone: ~4,360 – 4,400 Entry Zone / Supply-Demand Range: ~4,057 – 4,145 Support / Lower Target Zone: ~3,868 🧭 Market Structure Analysis: The price is currently consolidating inside a mid-range zone (4,057–4,145) after a strong previous down move. Liquidity zones are marked both above and below, suggesting potential breakout and retest setups. The market is showing accumulation or indecision before a big move. 🛒 Buy Scenario (Bullish Plan): Price may retest the lower boundary of the entry zone (~4,057–4,145). If a bullish retest/confirmation candle forms → Long Entry. Target: ~4,360 area (major resistance). Stop-loss likely placed slightly below 4,057. 🟢 This aligns with a potential reversal or continuation of higher timeframe bullish structure. 🐻 Sell Scenario (Bearish Plan): Price may break below the entry zone, retest it from the bottom, and reject. If a bearish retest/confirmation candle forms → Short Entry. Target: ~3,868 support level. Stop-loss likely placed slightly above 4,145. 🔴 This aligns with a continuation of the recent bearish momentum. ⚠️ Additional Notes: Watch for fake breakouts near the entry zone. Weekly candles can give strong direction but might take 1–2 weeks to fully play out. High impact news related to gold or USD can accelerate the move. ✅ Summary Plan: Buy entry: After bullish retest of 4,057–4,145 → TP 4,360 Sell entry: After bearish retest of 4,057–4,145 → TP 3,868 SL: Just outside the opposite edge of the entry zone.
OANDA:XAUUSDLong
by kripsonfx97
3
Gold (XAU/USD) Technical AnalysisAnalysis: Gold is currently trading around 4,120, showing a minor bullish correction within a descending channel. The price has bounced from the support buy zone (4,040–4,060), indicating buyer activity at this level. However, the structure remains bearish in the short term as long as the price stays below the descending trade line. A possible scenario is a short-term pullback toward the upper trade line before another retest of the support zone. If the support holds again, a bullish reversal could target the 4,383 level, aligning with the upper boundary of the previous high. Key Levels: Support Zone: 4,040 – 4,060 Resistance (Trade Line): 4,180 – 4,200 Target (Bullish): 4,383 Outlook: Neutral-to-bullish in the medium term if the support zone remains intact. A break below 4,040 would invalidate the bullish setup and signal further downside continuation. KSE:GFH KSE:AGLTY KSE:SENERGY KSE:KFH KSE:CLEANING KSE:NCCI KSE:EKTTITAB KSE:EQUIPMENT KSE:NIH KSE:THURAYA KSE:FUTUREKID KSE:ALEID KSE:URC KSE:URC KSE:ARKAN
OANDA:XAUUSDLong
by MR_NARCOS_ANALYSIS
Gold Rebounds from Extreme POI – Bullish Move Building UpAnalysis: Gold (XAU/USD) has shown a strong recovery after tapping into the Extreme Point of Interest (POI) zone, signaling the potential start of a bullish reversal. The chart indicates an SMC Trap (Smart Money Concept Trap), where liquidity was swept below previous lows to trigger sell stops before reversing upward — a classic smart money accumulation pattern. Price reacted sharply from the Extreme POI, forming higher lows, which confirms renewed buyer interest. The immediate target area lies around $4,180 – $4,200, aligning with the projected bullish arrow. Below, the High Probability POI remains as a deeper demand zone — a strong confluence area if price retests. 📊 Conclusion: Gold is showing signs of bullish structure recovery after liquidity sweep. Holding above the Extreme POI zone strengthens the case for continued upside movement toward $4,200 and possibly higher.
OANDA:XAUUSDLong
by Pipshunter27
Gold Breakout Potential: Descending Wedge Signals Bullish ReversAnalysis: The XAU/USD (Gold vs. USD) chart on the 45-minute timeframe shows price action forming a descending wedge pattern, a typically bullish reversal formation. The price has been compressing between lower highs and lower lows but is now testing the upper trendline resistance, indicating a possible breakout. Key observations: Trendline Breakout Zone: The narrowing wedge suggests weakening bearish momentum. A confirmed breakout above the trendline could trigger strong upward momentum. Targets: The projected upside targets are around 4,300, 4,400, and 4,500, aligning with previous resistance zones. Support Zone: Immediate support remains near 4,050–4,000, where the lower wedge boundary provides buying interest. Momentum Indicator: Gradual bullish recovery and decreasing downside pressure indicate renewed buyer strength.
OANDA:XAUUSDLong
by DrForexPhd
technical analysis for XAU/USD (Gold) based on your chart:Chart Summary Current Price: Around $4,140 Trend Lines: A descending trade line shows the overall short-term bearish trend. Support Zone: Clearly marked between $4,080 – $4,120 (“SUPPORT BUY ZONE”). Target: The upside target is labeled near $4,383. Technical Outlook 🔹 Support Zone Reaction Price recently dipped into the support buy zone, forming a potential bullish reversal wick. This area is acting as a strong demand zone, attracting buyers around $4,100. 🔹 Downtrend Channel The pair remains under a downward-sloping trade line, suggesting the short-term market bias is still bearish. However, a breakout above this trendline could trigger bullish continuation toward the $4,383 target. 🔹 Short-Term Scenario Bullish Case (Primary Plan): If gold holds above the support zone ($4,080–$4,120) and breaks the trendline resistance (~$4,200), → next target area: $4,300–$4,383. Confirmation comes with a clear candle close above $4,200. Bearish Case (Alternative Plan): If price fails to break the descending trade line and drops below $4,080, → possible continuation toward $4,040 – $4,000. Key Levels Type Level (USD) Description 🎯 Target 4,383 Major resistance / profit zone ⚔️ Resistance 4,200 Descending trendline zone 🛒 Support Zone 4,080–4,120 Demand / Buy zone ❌ Invalid Below 4,080 Break below = bearish continuation Summary 📈 Gold (XAU/USD) is currently retesting its support zone, showing early signs of a bullish rebound. A confirmed breakout above the trendline could lead to a rally toward $4,380. However, losing support below $4,080 would invalidate the bullish setup and reintroduce downside risk. EUREX:FDAX1! ICEEUR:BRN1! ICEEUR:WBS1! EUREX:FESX1! EUREX:FGBL1! EUREX:FDXM1! ICEEUR:GWM1! ICEEUR:Z1! EUREX:FDXS1! EUREX:FGBM1! ICEEUR:W1! ICEEUR:RC1!
OANDA:XAUUSDLong
by MR_NARCOS_ANALYSIS