Gold vs US Dollar H1 Live Forex Chart
XAUUSD,H1 Chart By audreyd
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audreyd
Dec 16 at 08:50
Bullish above previous price 2655 after rejection lower support.
audreyd
Dec 12 at 09:07
Key Observations:
Price Trend:
The current price is $2,718.83, indicating a clear bullish trend as gold moves higher within a defined upward channel.
Swing Low Highlighted:
The "SWING LOW" is marked near $2,620, a strong support level that initiated the recent uptrend. Buyers likely re-entered here to push prices higher.
Sessions Impact:
The chart shows highlighted boxes for key trading sessions (Asian, London, New York), reflecting periods of higher volatility and liquidity.
London and New York sessions are driving the bullish momentum, as evident from price action above resistance levels.
Trendline Support:
A rising trendline from the swing low connects higher lows, confirming an upward trajectory. This trendline acts as dynamic support.
Resistance Levels:
$2,721.35: The current key resistance level where price action is struggling.
A breakout above this level could open the door to higher targets.
Support Levels:
$2,705-$2,710: Previous resistance turned into a potential support zone.
$2,665: A key support that has been respected multiple times.
Price Trend:
The current price is $2,718.83, indicating a clear bullish trend as gold moves higher within a defined upward channel.
Swing Low Highlighted:
The "SWING LOW" is marked near $2,620, a strong support level that initiated the recent uptrend. Buyers likely re-entered here to push prices higher.
Sessions Impact:
The chart shows highlighted boxes for key trading sessions (Asian, London, New York), reflecting periods of higher volatility and liquidity.
London and New York sessions are driving the bullish momentum, as evident from price action above resistance levels.
Trendline Support:
A rising trendline from the swing low connects higher lows, confirming an upward trajectory. This trendline acts as dynamic support.
Resistance Levels:
$2,721.35: The current key resistance level where price action is struggling.
A breakout above this level could open the door to higher targets.
Support Levels:
$2,705-$2,710: Previous resistance turned into a potential support zone.
$2,665: A key support that has been respected multiple times.
