Will Gold Hold Support or Break Lower?

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XAUUSD 30-Min Chart Analysis

Potential Scenarios

Bullish Scenario:
• Volume Bullish Divergence: Indicating a potential reversal if buying pressure continues.
snapshot
• Strong Support: Price is near a key support level, which may hold and prompt an upward move.
• Falling Broadening Wedge: A potential bullish reversal pattern. If confirmed, this could lead to a breakout.
snapshot

Bearish Scenario:
• If price breaks below the current channel, the next target could be 2656, with a possible further decline toward 2617 if selling pressure persists.
snapshot

Key Levels to Watch:

• 2695
• 2700
• 2702
• 2710

As always, follow your risk management plan. Good luck, and happy trading!
Transakcja zamknięta: osiągnięto wyznaczony cel
Target: 2656.250 Reached
anaylsisChart PatternsTechnical IndicatorslongsetupTrend AnalysisXAUUSD

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