From TradingView · · 1m
XAUUSD Bullish Reversal Targets
Gold shows bullish reversal with key targets at 4,220-4,255.
In brief
Gold shows bullish reversal with key targets at 4,220-4,255. Gold could reach 4,220-4,255 after breaking 4,130-4,160 resistance. Originally reported by TradingView.
Price Action Shift
Gold shows signs of potential bullish reversal after prolonged downward move inside descending channel.
Liquidity Sweep
Price moved below 3,880 taking out sell-side liquidity before strong bullish recovery.
Market Structure Shift
Formed bullish market structure shift showing first signs of possible direction change.
Descending Channel Breakout
Gold broke descending channel upper trendline after weeks of lower highs and lower lows.
Bullish Order Blocks
Lower order block around 3,885-3,910 and upper order block around 4,025-4,050 act as demand zones.
Current Resistance
Gold trades near 4,105 facing resistance between 4,130 and 4,160 for bullish confirmation.
Fair Value Gap Targets
Next key target is fair value gap between 4,215 and 4,255 followed by 4,320 and 4,360-4,380.
The main idea
Gold could reach 4,220-4,255 after breaking 4,130-4,160 resistance.
