Gold (XAU/USD) 4H Chart Analysis
1. Trend: Gold is moving in an upward channel, showing both buying and selling pressure.
2. Support & Resistance:
Support: 2,900-2,910 (strong buying area).
Resistance: 2,940-2,950 (selling pressure zone).
3. Volume:
More buyers when price goes up.
Less selling pressure when price goes down.
4. Trading Plan:
Buy near 2,900-2,910 (if price stays above support).
Sell near 2,940-2,950 (if price faces resistance).
2. Support & Resistance:
Support: 2,900-2,910 (strong buying area).
Resistance: 2,940-2,950 (selling pressure zone).
3. Volume:
More buyers when price goes up.
Less selling pressure when price goes down.
4. Trading Plan:
Buy near 2,900-2,910 (if price stays above support).
Sell near 2,940-2,950 (if price faces resistance).
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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.
"We provide confirmed signals through a trading robot 🤖📊 | Join our Telegram channel & trade professionally! 🚀📈t.me/forexroyalcompany
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.