Signal: Buy at 3656 – 3660
Stop Loss: 3636
Take Profit 1: 3680
Take Profit 2: 3700
Briefing:
Gold (XAUUSD) continues its bullish momentum on the H1 chart, holding strong above key support at 3635. Buyers are in control, and a breakout above 3665 could extend the rally toward 3680 and 3700. As long as price remains above support, short-term sentiment stays bullish.
XAUUSD Technical Briefing (15M Chart)
Overall Market Structure
The chart shows Gold Spot (XAUUSD) trading at 3655.40, moving in a strong uptrend channel with clear bullish momentum. The blue trendlines confirm the ascending structure with higher highs and higher lows.
Buy Signal Analysis
- Support Trendline: Price has bounced from the rising blue trendline multiple times, confirming buyers are active.
- Break & Retest: Green zones marked as “Break Res” indicate past resistance now acting as support.
- Volume Confirmation: Buy zones (green blocks) show strong volume clusters (Vol: 4005, 4474, 21722) supporting accumulation.
- Bullish Projection: The green arrow pointing upward suggests continuation toward 3680+ if momentum sustains.
Buy Signal is Active above 3640 – 3650 with target 3680+
Sell Signal Analysis
- Resistance Zone: Red blocks (Vol: 4285, 6002) indicate strong supply zones where sellers previously entered.
- Possible Pullback: Red arrow on the chart shows the possibility of a short-term dip before resuming bullish move.
- Sell Trigger: A breakdown below 3640 trendline support may invalidate bullish structure.
Sell Signal only activates if 3640 support breaks with volume.
Key Levels to Watch
- Support: 3640, 00
- Resistance: 3680, 00
- Trend Bias: Bullish as long as price stays above 3640
The uploaded chart signals a Buy Opportunity in XAUUSD with strong trendline support and volume backing. Short-term pullbacks may occur, but the primary outlook favors upside continuation. A break below 3640 would flip bias to bearish.
