XAUUSD- Technical Analysis On One Huour Time Frame
1-Fibonacci 0.5 Level: This level is acting as strong support at around the 2480 level.
2-Sell Setup:
3-Entry: i am considering a sell at around 2501.
Stop Loss: Around 2510.
Target: 2477.
Buy Setup:
4- Entry: Possible buy setup at around 2480.
Stop Loss: 2470.
Target: 2515.
5- Resistance and Support:
The chart shows a clear resistance zone at around 2515.
Support zone is marked around the 2480 level, aligning with the Fibonacci 0.5 retracement level.
The analysis suggests two potential trading opportunities:
A short (sell) position from 2501 targeting 2477.
A long (buy) position from 2480 targeting 2515.
Both trades have tight stop losses to manage risk, making this a strategy that focuses on short-term price movement between defined support and resistance zones.
2-Sell Setup:
3-Entry: i am considering a sell at around 2501.
Stop Loss: Around 2510.
Target: 2477.
Buy Setup:
4- Entry: Possible buy setup at around 2480.
Stop Loss: 2470.
Target: 2515.
5- Resistance and Support:
The chart shows a clear resistance zone at around 2515.
Support zone is marked around the 2480 level, aligning with the Fibonacci 0.5 retracement level.
The analysis suggests two potential trading opportunities:
A short (sell) position from 2501 targeting 2477.
A long (buy) position from 2480 targeting 2515.
Both trades have tight stop losses to manage risk, making this a strategy that focuses on short-term price movement between defined support and resistance zones.
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.