Gold Spot / U.S. Dollar
Long
Updated

XAU/USD 1-Hour Chart Analysis – Bullish Momentum Towards Supply

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This 1-hour chart of Gold Spot (XAU/USD) from OANDA shows a strong bullish reversal following a recent sell-off. The price is approaching a key supply zone, where two potential target levels are identified:

Target 1: ~3,210 USD

Target 2: ~3,220 USD

The chart highlights previous resistance zones and current price action suggesting momentum toward these targets. The bullish run follows a reversal from a "Weak Low" area near 3,115 USD. Zones are color-coded for supply/resistance (red) and demand/support (green). The setup indicates possible short-term buying opportunities as price tests previous consolidation zones.
Trade closed: target reached

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