10.7 Spot Gold (XAU/USD) Early-Morning Analysis
Although gold on the 1-hour chart retains its broader bearish structure, a CHoCH reversal structure has formed at the lows, halting the decline. Price has broken upward with a BOS, with both the lows and highs rising in tandem, marking the start of a rebound and recovery following the sell-off.
The 30-minute chart is also showing a short-term bullish drive structure, with bullish momentum currently prevailing in the near term.
For now, the primary direction is to favor a rebound higher, with the target at the 4185 confluence supply-resistance zone.
Recommendation: Go long around 4150–4140, with targets at 4185, 4220, and 4250. #XAUUSD #币安推出BinanceIntelligence
Although gold on the 1-hour chart retains its broader bearish structure, a CHoCH reversal structure has formed at the lows, halting the decline. Price has broken upward with a BOS, with both the lows and highs rising in tandem, marking the start of a rebound and recovery following the sell-off.
The 30-minute chart is also showing a short-term bullish drive structure, with bullish momentum currently prevailing in the near term.
For now, the primary direction is to favor a rebound higher, with the target at the 4185 confluence supply-resistance zone.
Recommendation: Go long around 4150–4140, with targets at 4185, 4220, and 4250. #XAUUSD #币安推出BinanceIntelligence
