This analysis on XAU/USD (Gold vs. US Dollar) 1H chart highlights a bullish outlook. Price is currently trading around 3937 after a strong upward move.
Support Zone: Around 3895 – 3922, providing a key base for buyers.
Retest Level: Expected pullback near 3960, which could act as a confirmation area before continuation.
Target: A push towards the 4000 ATH (All-Time High) level if momentum sustains.
Overall, the chart suggests that gold may first retest lower levels for confirmation, then extend bullish momentum towards 4000, making the zone a major psychological and technical resistance.
Support Zone: Around 3895 – 3922, providing a key base for buyers.
Retest Level: Expected pullback near 3960, which could act as a confirmation area before continuation.
Target: A push towards the 4000 ATH (All-Time High) level if momentum sustains.
Overall, the chart suggests that gold may first retest lower levels for confirmation, then extend bullish momentum towards 4000, making the zone a major psychological and technical resistance.
Trade closed: target reached
4000 Ath done
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t.me/Signal_Expert78
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
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t.me/Signal_Expert78
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
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t.me/Signal_Expert78
Disclaimer
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.