XAUUSD (1H Chart)


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Analysis :



Trend Overview

Overall Trend: The market is in an uptrend, confirmed by the ascending trendline.

Recent Price Action: Price has recently broken above a key resistance zone and is now testing it as support.


Key Levels:

    Support Zones:

  • Around 101.500 - 101.000, a strong reaction zone where buyers may step in.$2,9300 - $2,9370: This was a previous resistance zone, which price has broken and is now retesting.
  • $2,9100 - $2,9200: A previous demand zone near the ascending trendline.

Resistance Zones:

  • $2,9500 - $2,9620: This is the next major resistance where price could face selling pressure.

Happy Trading!