Hi Guys this is overview for XAUUSD feel free share feedback in comments.
This chart represents the price action of XAUUSD on a One Hour Timeframe Showing potential area of resistance, support and liquidity zones. Here breakdown of the analysis.
Analysis of Chart
1 Resistance level 3023 3030 zone
The price has reacted multiple times red Arrow indicating strong selling pressure
2 Current price 3008
The price is trending downward after rejecting the resistance level.
3 Key Support levels
Diamond 3000 Region
Could cause a temporary bounce before fruther decline.
Order Block 2952 2938 Zone
This is a strong demond zone potential target area for price action.
4. Trgets levels
The analyst expects a downward move toward 2952 aligning with a liquidity gab scenario
5. RSI Indicator
RSI is at 44.27 suggesting bearish momentum with the possibility of fruther downside.
A break below 40 RSI may confirm more selling pressure.
Risk Management considerations
Entry A possible short entry could be around the FVG level 3020_ 3030 if price retraces
Stoploss Above 3035 to aviod being trapped in fake breakout.
Take profit Around 2952 2938 as per the Target Point
IF this post useful to you please kindly dont forget like and comments i will be Glad.
This chart represents the price action of XAUUSD on a One Hour Timeframe Showing potential area of resistance, support and liquidity zones. Here breakdown of the analysis.
Analysis of Chart
1 Resistance level 3023 3030 zone
The price has reacted multiple times red Arrow indicating strong selling pressure
2 Current price 3008
The price is trending downward after rejecting the resistance level.
3 Key Support levels
Diamond 3000 Region
Could cause a temporary bounce before fruther decline.
Order Block 2952 2938 Zone
This is a strong demond zone potential target area for price action.
4. Trgets levels
The analyst expects a downward move toward 2952 aligning with a liquidity gab scenario
5. RSI Indicator
RSI is at 44.27 suggesting bearish momentum with the possibility of fruther downside.
A break below 40 RSI may confirm more selling pressure.
Risk Management considerations
Entry A possible short entry could be around the FVG level 3020_ 3030 if price retraces
Stoploss Above 3035 to aviod being trapped in fake breakout.
Take profit Around 2952 2938 as per the Target Point
IF this post useful to you please kindly dont forget like and comments i will be Glad.
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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.
Join my telegram channel
t.me/GoldkillerSignals12
Join my Vip membership channel
t.me/+hRsF7h9mMBE2NWJk
t.me/GoldkillerSignals12
Join my Vip membership channel
t.me/+hRsF7h9mMBE2NWJk
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.