XAU/USD (Gold) – 1H Chart Analysis UpdateMarket Structure
The chart is trading inside a rising channel, which indicates that the broader short-term trend remains bullish.
At the same time, a descending trendline is controlling recent price action, showing a temporary pullback within the larger uptrend.
This creates a trend vs. correction scenario where traders watch for either a breakout or a rejection.
Key Technical Observations
1. Ascending Channel
Price continues to respect the upper and lower boundaries of the channel.
As long as
Foerx
US100 2H: Supply Zone Rejection Signals Further Downside PotentiUS100 2H: Supply Zone Rejection Signals Further Downside Potential
US100 | 2H Educational Analysis
The market has rejected a key supply zone and is currently trading below major moving averages, indicating continued bearish pressure.
🔹 Resistance / Supply Zone: 29,250 – 29,700
🔹 Current Price Area: 28,800
🔹 First Target (TP1): 28,128
🔹 Second Target (TP2): 27,494
Educational Trade Setup:
• Entry Area: Bearish rejection below 29,250
• Stop Loss (SL): Above 29,750
• Take Profit 1 (TP1): 28,128
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