This 30-minute chart of Gold Spot (XAU/USD) reveals a critical decision zone ahead 📊. Price is currently reacting to a support area around 3210, marked by the purple zone. A Change of Character (ChoCH) has just occurred, suggesting a potential bullish reversal if price holds above this support 📈. There are two likely scenarios:
1️⃣ A bullish continuation where price forms higher lows and targets the supply zone near 3230 and potentially the strong high at 3252, or
2️⃣ A bearish break below support, triggering a drop towards the demand zone at 3170 and possibly further into the order block (OB) near 3160 📉.
Traders should watch for confirmations like strong bullish candles or rejections at key levels before committing to a direction ✅. This is a high-probability setup with defined risk and reward zones! 💰📉📈
1️⃣ A bullish continuation where price forms higher lows and targets the supply zone near 3230 and potentially the strong high at 3252, or
2️⃣ A bearish break below support, triggering a drop towards the demand zone at 3170 and possibly further into the order block (OB) near 3160 📉.
Traders should watch for confirmations like strong bullish candles or rejections at key levels before committing to a direction ✅. This is a high-probability setup with defined risk and reward zones! 💰📉📈
🗣 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.