Hello Trader,
Gold Analysis breakout and see not another point but 3015 to 3006 Confirm Sell Then Again Buy High Flying 🪽🪽🪽
From the chart, the suggested entry point for XAU/USD (Gold) is around the support zone marked by the lower blue line. The price is expected to react at this level and reverse upwards, indicating a strong buy signal after a possible retest.
Key Observations:
Entry Point: Near $3,010 - $3,020 (Support Zone).
Target: Around $3,070 - $3,080 (Resistance Zone).
Setup: Price is approaching support, and if it holds, a bullish move is expected.
Confirmation for Strong Buy:
1. Bullish Reversal Candlestick (e.g., pin bar, engulfing candle) at the support.
2. Increased Buying Volume to confirm momentum.
3. Break and Retest of the resistance zone around $3,040 before targeting $3,080.
Would you like to discuss risk management or potential stop-loss placement?
Gold Analysis breakout and see not another point but 3015 to 3006 Confirm Sell Then Again Buy High Flying 🪽🪽🪽
From the chart, the suggested entry point for XAU/USD (Gold) is around the support zone marked by the lower blue line. The price is expected to react at this level and reverse upwards, indicating a strong buy signal after a possible retest.
Key Observations:
Entry Point: Near $3,010 - $3,020 (Support Zone).
Target: Around $3,070 - $3,080 (Resistance Zone).
Setup: Price is approaching support, and if it holds, a bullish move is expected.
Confirmation for Strong Buy:
1. Bullish Reversal Candlestick (e.g., pin bar, engulfing candle) at the support.
2. Increased Buying Volume to confirm momentum.
3. Break and Retest of the resistance zone around $3,040 before targeting $3,080.
Would you like to discuss risk management or potential stop-loss placement?
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.
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.