$XAU XAUUSDT Technical Analysis | Gold Perpetual on Binance
Pair: XAUUSDT (Gold / USDT Perpetual Futures)
Platform: Binance Futures
Timeframe for Chart: 1D (Daily Candles)
๐ Current Market Overview
Current Price: ~$2,030 USD
24h Range: $2,010 โ $2,050
Trend: Short-term bullish recovery after slight pullback
Volume: Moderate, showing renewed buying near support
Gold has recently tested its support zone around $2,010โ$2,020, where buyers have stepped in, forming consolidation candles. A break above $2,050 resistance could trigger a short-term bullish continuation.
๐ Candlestick Chart Analysis
Key Observations (Daily Candles):
Green Candles: Indicate buyers gaining control during the day.
Red Candles: Represent daily selling pressure.
Long Wicks: Show intraday volatility โ price testing highs/lows before settling.
Recent Pattern:
Price dipped to support โ formed hammer/long-legged candle โ followed by two small green candles โ suggesting a potential reversal zone.
Volume spike near support strengthens the bullish case.
Support & Resistance Zones:
Support: $2,010 โ $2,020
Resistance: $2,050 โ $2,070
๐ Market Interpretation
Bullish Scenario: Break above $2,050 with volume confirms continuation to $2,070โ$2,090.
Bearish Scenario: Failure to hold $2,010 may push XAUUSDT toward $1,990โ$1,980.
Neutral Zone: Between $2,020โ$2,050 โ consolidation likely before next directional move.