XAU/USD is showing a potential wedge breakout pattern after price reacted strongly from the marked support zone. Gold has broken above the descending wedge trendline, suggesting that bullish momentum may be building for a move toward higher resistance levels. 
XAUUSD
Support Zone:
The key support zone is around 4,658 – 4,678. This area acted as the main demand zone where buyers stepped in.
1st Resistance:
The first upside target is around 4,785.
2nd Resistance:
If bullish momentum continues, the next resistance level is around 4,829.
Fundamental Analysis :
1. The FedWatch tool is practically maxed out at 99% for a pause this week.
2. Kevin Warsh might take the lead at the Federal Reserve. He's seen as more "dovish" compared to Jerome Powell.
3. There’s optimism about potential Peace talks between Iran and the U.S.
Disclaimer ⚠️
This analysis is for educational purposes only and is not financial advice. Always use proper risk management, wait for confirmation, and trade according to your own strategy.
#XAUUSD #Gold #GoldTrading #ForexTrading #ForexAnalysis #WedgeBreakout #BuySetup #PriceAction #TechnicalAnalysis #TradingView #KABHITATrading
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XAUUSD Support Zone:
The key support zone is around 4,658 – 4,678. This area acted as the main demand zone where buyers stepped in.
1st Resistance:
The first upside target is around 4,785.
2nd Resistance:
If bullish momentum continues, the next resistance level is around 4,829.
Fundamental Analysis :
1. The FedWatch tool is practically maxed out at 99% for a pause this week.
2. Kevin Warsh might take the lead at the Federal Reserve. He's seen as more "dovish" compared to Jerome Powell.
3. There’s optimism about potential Peace talks between Iran and the U.S.
Disclaimer ⚠️
This analysis is for educational purposes only and is not financial advice. Always use proper risk management, wait for confirmation, and trade according to your own strategy.
#XAUUSD #Gold #GoldTrading #ForexTrading #ForexAnalysis #WedgeBreakout #BuySetup #PriceAction #TechnicalAnalysis #TradingView #KABHITATrading
Support the idea with a like, comment, and follow for more gold trading analysis.
Trade active
Note
➖➖➖➖➖➖➖➖➖➖➖➖BUY XAU/USD (GOLD)🏆
Wedge Breakout & Fundamental Drives!
➖➖➖➖➖➖➖➖➖➖➖➖
🟡Entry : 4718
🟢TP - 4655
🔴SL - 4812
➖➖➖➖➖➖➖➖➖➖➖➖
Risk 1% or 2% Per Trade,
No OverTrading ⚠️
➖➖➖➖➖➖➖➖➖➖➖➖
✅Free Telegram Channel: telegram.me/kabhifx
✏️Text Me @ telegram.me/kabhidhan
✏️Text Me @ telegram.me/kabhidhan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅Free Telegram Channel: telegram.me/kabhifx
✏️Text Me @ telegram.me/kabhidhan
✏️Text Me @ telegram.me/kabhidhan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.