"Gold Analysis: Consolidation Breakout Signals Strong Uptrend"

6 hari yang lalu

Technical Analysis - Gold (XAU/USD) - 1H Timeframe

🔹 Market Structure Overview

Gold has resumed its upward trend after a consolidation breakout, as shown in the middle of the chart. The breakout is supported by increased bullish volume, indicating strong buying interest.

Price is currently trading at $3,796, moving towards the defined target zones, with a clean bullish structure of higher highs and higher lows.

🔍 Key Technical Levels

🔼 Resistance & Target Zones:

▪1st Target Area: $3,820

▫Closely aligned with previous short-term resistance. A minor consolidation may occur here before continuation.

▪2nd Target Zone: $3,850

▫A more significant resistance level, where sellers may re-enter. Monitor for reversal patterns or a breakout confirmation.

▪Final Target Area: $3,873 - $3,880

* Represents a potential exhaustion point for the current bullish leg. Price action here will determine if a larger breakout or retracement follows.

🟩 Support Levels:

▪RBS Level (Resistance Becomes Support): Around $3,780

▫Price has flipped this level into support after breaking above - a classic retest confirming strength.

▪Support Area: $3,760 - $3,780

▫Recent bullish reactions from this area make it a short-term demand zone.

▪Strong Support Level: $3,720

▫ Historically significant level with multiple bounce points. A break below this would invalidate the current bullish setup.

📊 Volume Analysis

▫ Notable volume spike occurred at the breakout point of the consolidation range (highlighted circle), validating bullish momentum.
▫Sustained volume during the upward move suggests strong institutional interest.

📈 Price Action Insights

▪ Consolidation Breakout: After a period of sideways movement, price broke above the consolidation range, suggesting accumulation and a bullish continuation.
▪Bullish Retest: The market performed a clean retest of the breakout zone, confirming buyer control.
▪Steady Climb: No major rejection wicks or bearish engulfing candles observed - market sentiment remains positive.

🔄 Projected Price Movement

The purple projection arrow shows an expected bullish continuation toward:

1. $3,820 (1st Target)
2. $3,850 (2nd Target)
3. $3,873–$3,880 (Final Target Area)

If price pulls back, watch for support at $3,780 and $3,760 to hold. A breakdown below $3,720 would indicate a shift in momentum.

✅ Conclusion

Gold is showing a technically strong bullish continuation pattern after breaking a key consolidation zone. As long as price remains above the $3,780-$3,760 support zone, the trend favors buyers targeting $3,820, $3,850, and potentially $3,873+.

Traders may consider entering on retracements with stop-losses below the $3,760 zone, targeting the upper resistance levels.

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Catatan

1st layer activated from 3791,

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Trade aktif

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Catatan

1st target achieved, 300 pips+

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Catatan

2nd target reached, 590 pips+

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Trading ditutup: target tercapai

800 pips+ achieved,