Gold is currently trading around $3,336, retesting a key demand zone near $3,334 – $3,340 (green box). This zone has acted as strong support in the past, aligning with a major horizontal level and previous breakout retests.
🔍 Key Levels:
Support Zone: $3,334 – $3,340 (green box)
Resistance 1: $3,361
Resistance 2: $3,394
Major Demand Zone Below: $3,223
📊 Technical Outlook:
Price has pulled back into a strong demand area after failing to break above the $3,394 resistance. If bulls defend this green zone, we could see a bounce toward $3,361 and potentially $3,394. A clean break above $3,394 could open the door for a retest of the $3,420+ zone.
However, if this demand zone breaks, sellers could push price lower toward $3,223.
💡 Trading Plan:
Buy Entry: Around $3,334 – $3,340 (on bullish confirmation)
Stop Loss: Below $3,323
Take Profit 1: $3,361
Take Profit 2: $3,394
⚠ Disclaimer: This is not financial advice. Always conduct your own analysis and manage risk properly before trading.
#XAUUSD #Gold #Forex #Trading #PriceAction #TechnicalAnalysis #SwingTrade #SmartMoneyConcepts #SupportAndResistance #CommodityTrading
🔍 Key Levels:
Support Zone: $3,334 – $3,340 (green box)
Resistance 1: $3,361
Resistance 2: $3,394
Major Demand Zone Below: $3,223
📊 Technical Outlook:
Price has pulled back into a strong demand area after failing to break above the $3,394 resistance. If bulls defend this green zone, we could see a bounce toward $3,361 and potentially $3,394. A clean break above $3,394 could open the door for a retest of the $3,420+ zone.
However, if this demand zone breaks, sellers could push price lower toward $3,223.
💡 Trading Plan:
Buy Entry: Around $3,334 – $3,340 (on bullish confirmation)
Stop Loss: Below $3,323
Take Profit 1: $3,361
Take Profit 2: $3,394
⚠ Disclaimer: This is not financial advice. Always conduct your own analysis and manage risk properly before trading.
#XAUUSD #Gold #Forex #Trading #PriceAction #TechnicalAnalysis #SwingTrade #SmartMoneyConcepts #SupportAndResistance #CommodityTrading
Trade active
Xauusd has hit TP 1 and like likely to continue rising to hit another TP 2. so trader should manager their risk while targeteing for TP 2 .
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