*XAUUSD (Gold)* with a clear *price action analysis*.
- The *current price* is around *2918.131*, and there's a *weak high* identified near *2955.066*, marking a potential resistance level.
- The chart shows a *Break of Structure (BOS)*, which suggests a shift in market direction. After a *BOS*, there's a *Change of Character (CHOCH)*, which could indicate further potential upward movement if prices break the current resistance.
- The *support level* is marked at *2882.880*, and it provides a potential bounce zone for prices to reverse or consolidate. The *breakout area* and *support zones* are highlighted to help identify key price levels to watch for potential trades.
This analysis indicates that if the price breaks above the *weak high*, it could continue toward higher targets, while failure to hold above the *support level* could signal a downward move. Traders should closely monitor price action around these levels.
- The *current price* is around *2918.131*, and there's a *weak high* identified near *2955.066*, marking a potential resistance level.
- The chart shows a *Break of Structure (BOS)*, which suggests a shift in market direction. After a *BOS*, there's a *Change of Character (CHOCH)*, which could indicate further potential upward movement if prices break the current resistance.
- The *support level* is marked at *2882.880*, and it provides a potential bounce zone for prices to reverse or consolidate. The *breakout area* and *support zones* are highlighted to help identify key price levels to watch for potential trades.
This analysis indicates that if the price breaks above the *weak high*, it could continue toward higher targets, while failure to hold above the *support level* could signal a downward move. Traders should closely monitor price action around these levels.
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t.me/addlist/j3ts8pztHtY3NWQ0
Recommend best broker exness Partner link 👇
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Related publications
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.