🔔 XAUUSD 1H Analysis | August 1, 2025
Gold is currently consolidating inside a symmetrical triangle on the 1-hour timeframe. Price action has tightened, indicating a potential breakout scenario is near. Two key paths are highlighted:
🔹 Bullish Scenario:
A breakout above the triangle resistance may lead to a clean push towards $3,310, and if momentum sustains, $3,334 becomes the extended upside target (liquidity zone and prior supply area).
🔹 Bearish Scenario:
A breakdown below triangle support could send price toward $3,270 first. If this level fails to hold, further downside toward $3,245 is expected — a major support and demand zone.
📍 Current Price: $3,291.98
⏳ Wait for breakout confirmation with volume and momentum before committing to direction.
Gold is currently consolidating inside a symmetrical triangle on the 1-hour timeframe. Price action has tightened, indicating a potential breakout scenario is near. Two key paths are highlighted:
🔹 Bullish Scenario:
A breakout above the triangle resistance may lead to a clean push towards $3,310, and if momentum sustains, $3,334 becomes the extended upside target (liquidity zone and prior supply area).
🔹 Bearish Scenario:
A breakdown below triangle support could send price toward $3,270 first. If this level fails to hold, further downside toward $3,245 is expected — a major support and demand zone.
📍 Current Price: $3,291.98
⏳ Wait for breakout confirmation with volume and momentum before committing to direction.
Aggressive Swing Trader
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.
Aggressive Swing Trader
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.