XAUUSD Analysis
Timeframe: 4H/1W
Observation: XAUUSD is trading within an upward parallel channel, having previously rejected both the resistance and support trend lines. Currently positioned at the support line, we anticipate a potential false breakdown followed by an upward move.
Trading Opportunity:
- Buying Zone: 3250-3270
- Rationale: Liquidity is nearly depleted, and a 1W FVG gap is present.
- Strategy: Set Buy limits at 3250-3270
- Target: 3500
Timeframe: 4H/1W
Observation: XAUUSD is trading within an upward parallel channel, having previously rejected both the resistance and support trend lines. Currently positioned at the support line, we anticipate a potential false breakdown followed by an upward move.
Trading Opportunity:
- Buying Zone: 3250-3270
- Rationale: Liquidity is nearly depleted, and a 1W FVG gap is present.
- Strategy: Set Buy limits at 3250-3270
- Target: 3500
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.