On the 4-hour chart above, gold price has bounced strongly from a key support zone after days of sideways consolidation. At the moment, XAU/USD is trading around $3,371, showing renewed buying interest from the demand area.
Key Support and Resistance Levels
Major Support: $3,314 – $3,281 (green zone). This level has acted as a strong demand area multiple times in the past, preventing deeper declines.
Major Resistance: $3,416 – $3,439 (red zone). Sellers have previously stepped in at this zone, making it a strong supply level.
Possible Scenarios
Bullish Scenario:
If the price holds above $3,370, buyers may push the market higher toward the resistance zone at $3,416 – $3,439. A confirmed breakout above this range could open the way for further gains toward $3,460.
Bearish Scenario:
If gold fails to break through resistance and faces rejection, it could pull back to test the support zone at $3,314 – $3,281. A clear break below this area would likely accelerate selling pressure, with potential downside targets near $3,250.
Conclusion
The strong rebound from the support zone highlights buyers’ willingness to take control of the market. However, the resistance at $3,416 – $3,439 remains the key barrier for further bullish momentum. For now, traders should watch how price reacts to these critical zones before positioning themselves in either direction.
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Daniel Santos
Estou adorando muito essa plataforma ITB, e agora que encontrei esses conselhos sobre o xauusd ajuda bastante. Obrigado.
2025-08-25 11:23:15