Gold (XAU/USD) has been trading within a rising channel on the 2-hour timeframe. Currently, it is testing a significant resistance zone near the upper boundary of the channel. Multiple rejections at this level indicate potential selling pressure. The overall technical setup suggests a possible correction if price fails to break above the resistance zone convincingly. Traders should watch for price action signals and consider risk management strategies
Trade Setup: Sell Gold (XAU/USD)
Entry: Around $2,672 - $2,675
Take Profit Levels:
$2,660
$2,645
$2,630
Stop Loss: Above $2,680
Ensure to monitor closely for any breakout above the resistance, which may invalidate this setup. Always apply proper risk management and secure profits as the trade progresses.
Let me know if you’d like any further refinement!
Trade Setup: Sell Gold (XAU/USD)
Entry: Around $2,672 - $2,675
Take Profit Levels:
$2,660
$2,645
$2,630
Stop Loss: Above $2,680
Ensure to monitor closely for any breakout above the resistance, which may invalidate this setup. Always apply proper risk management and secure profits as the trade progresses.
Let me know if you’d like any further refinement!
Trade active
🌟 What a Great Day! Amazing Analysis! 🌟Gold (XAU/USD) is running 135++ pips in profit! 🎉🔥
The Queen Signal continues to lead the way with precision and success! 💰✨
Guidance: Hold with breakeven to secure your trade while aiming for bigger gains.
Enjoy this profitable journey—Queen is always with you! 👑💎
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.