This 30-minute chart of Gold Spot (XAU/USD) reflects a strong bullish momentum 📈, marked by a clear Break of Structure (BOS) and Change of Character (ChoCH) signaling a market shift to the upside. Price recently broke above an equal high (EQH) and is now testing a resistance zone labeled as a “weak high”, suggesting potential for further upside toward the next key supply zone 🔴. The projection highlights two possible scenarios: either a continued bullish rally into the supply area around 3,340 🏹, or a pullback to the demand zone near 3,280 🟦 before resuming upward movement. Traders should monitor for price reaction at current levels and be prepared for either a breakout or a healthy retracement for optimal entry opportunities 🎯.
🗣 Daily Forex Insights 🇺🇸🌍
🗣 Expert Analysis – Fundamentals & Technicals
🗣 Specialized in BTC & Gold
🗣 Weekly Targets: 1500–2000 Pips
🗣 Precision Chart Pattern Strategies 👍
t.me/goldentradeinsights
🗣 Expert Analysis – Fundamentals & Technicals
🗣 Specialized in BTC & Gold
🗣 Weekly Targets: 1500–2000 Pips
🗣 Precision Chart Pattern Strategies 👍
t.me/goldentradeinsights
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.
🗣 Daily Forex Insights 🇺🇸🌍
🗣 Expert Analysis – Fundamentals & Technicals
🗣 Specialized in BTC & Gold
🗣 Weekly Targets: 1500–2000 Pips
🗣 Precision Chart Pattern Strategies 👍
t.me/goldentradeinsights
🗣 Expert Analysis – Fundamentals & Technicals
🗣 Specialized in BTC & Gold
🗣 Weekly Targets: 1500–2000 Pips
🗣 Precision Chart Pattern Strategies 👍
t.me/goldentradeinsights
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.