XAUUSD Gold Price Action Analysis: Key Levels and Trade SetupsAnalysis:
Price Action Strategy:
Support and Resistance Levels:
Key support levels: 2,536.664, 2,582.264, 2,601.810
Key resistance levels: 2,642.252, 2,670.000, 2,721.410
Fibonacci Retracement Levels:
0.382 at 2659.51836
0.5 at 2640.4
0.618 at 2621.28164
0.705 at 2607.1859
0.786 at 2594.06228
Volume Profile:
High volume node around 2,642.252 indicating strong resistance.
Low volume node around 2,601.810 indicating potential support.
Smart Money Concepts (SMC):
Break of Structure (BOS):
BOS observed around 2,536.664 indicating a potential bullish reversal.
Change of Character (ChOCH):
ChOCH observed around 2,601.810 indicating a shift in market sentiment.
ICT Strategy:
Order Blocks:
Bullish order block around 2,536.664
Bearish order block around 2,642.252
Fair Value Gaps:
Fair value gap observed between 2,601.810 and 2,621.348
Indicators:
Relative Strength Index (RSI):
RSI is around 51.36, indicating a neutral market condition.
Moving Average Convergence Divergence (MACD):
MACD is slightly bearish with a histogram value of -0.061.
VIP Signal:
Buy Signal:
entry: 2601.810
tp1: 2642.252
tp2: 2670.000
sl: 2582.264
Sell Signal:
entry: 2642.252
tp1: 2601.810
tp2: 2582.264
sl: 2670.000
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
I hope this analysis helps with your trading decisions! If you have more charts to analyze or need further insights, feel free to share.
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Buy Signal:entry: 2601.810
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Alex Gold Hunter
Free Signals & analysis
Join for Free
Scalping Signals
t.me/Pipsschase09
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Free Signals & analysis
Join for Free
Scalping Signals
t.me/Pipsschase09
Swing Signal
t.me/alexgoldhunting
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.