Home / Analytics / XAUUSD H1: The Price Action Forecast for the American Session on 29.10.2025

XAUUSD H1: The Price Action Forecast for the American Session on 29.10.2025

During the previous trading session, the price of XAUUSD decreased, moving in the main trend direction on the higher time-frame.
The support and resistance levels:
The support level is near the 3886.21 mark.
The level is formed by the Morning Star pattern. This pattern consists of three Japanese candlesticks. The first candle has a long black real body, the second one is a doji with a small real body, the third one has a long white real body. The third one opens above the closing of the second candle and closes above the closing of the first candle.
The resistance level is near the 4154.62 mark.
The pattern formed here is Three Outside Bars Down. This pattern is a combination of three Japanese candlesticks. The first candlestick has a short white real body, the second candlestick has a long black real body and completely engulfs the first candlestick, and the third candlestick is also black, closing below the second candlestick.
Trading recommendations:
The latest signal on the chart indicates the prevalence of the long positions. This signal is valid, until the other pattern is formed.

Leave a Reply

Your email address will not be published. Required fields are marked *