Gold (XAU/USD) 1-Hour Chart Analysis: Bearish Flag & Key Breakou

12 lut

Gold (XAU/USD) 1-Hour Chart Analysis
1. Trend Overview:
The chart displays Gold Spot (XAU/USD) on a 1-hour timeframe.
A Bearish Flag pattern is identified, which is typically a continuation pattern signaling a potential downward move.
Current Price: 2,882.960
Exponential Moving Average (DEMA 9): 2,882.392, which is almost at the current price level, indicating indecision.
2. Key Price Zones:
Yellow Box (Consolidation Zone):

The price has been consolidating within this highlighted range, suggesting accumulation or distribution.
A breakout in either direction will determine the next move.
Support & Resistance:

Support Levels:
2,860 (Lower boundary of consolidation)
2,840 (Previous key level)
Resistance Levels:
2,920 (Upper boundary of consolidation)
2,940-2,960 (Trendline resistance)
3. Trendlines & Price Action:
Green Trendline (Uptrend Support): Price is still above this, meaning the uptrend is not yet broken.
Red & Blue Trendlines (Bearish Reversal): The price is below these trendlines, indicating a potential downward momentum.
4. Trading Scenarios:
Bearish Breakdown:

If price breaks below the yellow zone and green trendline support, it could confirm further downside.
Target: 2,860 → 2,840
Bullish Reversal:

If price breaks above 2,920 and holds, a bullish reversal is possible.
Target: 2,940 → 2,960
Conclusion:
Neutral to Bearish Bias: The Bearish Flag suggests a possible downward move, but confirmation is needed.

20 lut

Transakcja zamknięta: osiągnięto wyznaczony cel

🎯 ANOTHER WINNING ANALYSIS! 🎯

🔥 Bearish Flag Played Out PERFECTLY! 🔥

Patience and strategy paid off! Our bearish flag formation broke down exactly as expected, and we hit our target levels beautifully. 📉✅

This is why we follow technical analysis and trust the process! More setups coming—let’s keep this momentum going! 🚀

💬 Who caught this move with me? Drop a comment below! ⬇️

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