$XAU/USDT Technical Analysis: Bullish Reversal from Intraday Support
$XAU/USDT (Perp) printed a strong bounce off the local demand zone around 4,351.12, showing signs of buyer absorption after a sharp downward correction. The lower timeframe structure (5m) points toward a classic higher-low continuation setup.
Key Levels & Trade Plan
Current Price: ~4,355.95
Immediate Support / Invalidation: 4,351.00 – 4,349.00
Resistance 1 (First Target): 4,365.60
Resistance 2 (Breakout Level): 4,374.00
Major Target (Range High): 4,385.00 – 4,388.25 $XAU/USDT Technical Analysis: Bullish Reversal from Intraday Support
$XAU/USDT (Perp) printed a strong bounce off the local demand zone around 4,351.12, showing signs of buyer absorption after a sharp downward correction. The lower timeframe structure (5m) points toward a classic higher-low continuation setup.
Setup Breakdown
Liquidity Sweep & Reaction: Price swept local lows down to 4,351.12 with heavy volume absorption on the 5-minute chart.
Path to Upside: A clean push through the 4,365 hurdle opens the door for a retest before accelerating toward the mid-range supply at 4,374.
Full Extension: Sustaining above 4,374 confirms momentum to challenge the swing high near 4,388.25.
Risk Management: Watch for rejection around 4,365. A close below 4,351 invalidates the bullish zigzag structure.
#XAU #Gold #CryptoTrading #BinanceSquareTalks #xauusd
$XAU/USDT (Perp) printed a strong bounce off the local demand zone around 4,351.12, showing signs of buyer absorption after a sharp downward correction. The lower timeframe structure (5m) points toward a classic higher-low continuation setup.
Key Levels & Trade Plan
Current Price: ~4,355.95
Immediate Support / Invalidation: 4,351.00 – 4,349.00
Resistance 1 (First Target): 4,365.60
Resistance 2 (Breakout Level): 4,374.00
Major Target (Range High): 4,385.00 – 4,388.25 $XAU/USDT Technical Analysis: Bullish Reversal from Intraday Support
$XAU/USDT (Perp) printed a strong bounce off the local demand zone around 4,351.12, showing signs of buyer absorption after a sharp downward correction. The lower timeframe structure (5m) points toward a classic higher-low continuation setup.
Setup Breakdown
Liquidity Sweep & Reaction: Price swept local lows down to 4,351.12 with heavy volume absorption on the 5-minute chart.
Path to Upside: A clean push through the 4,365 hurdle opens the door for a retest before accelerating toward the mid-range supply at 4,374.
Full Extension: Sustaining above 4,374 confirms momentum to challenge the swing high near 4,388.25.
Risk Management: Watch for rejection around 4,365. A close below 4,351 invalidates the bullish zigzag structure.
#XAU #Gold #CryptoTrading #BinanceSquareTalks #xauusd
