Gold buy zone analysis
This chart represents a technical analysis of Gold (XAUUSD) on the 1-hour timeframe using TradingView. The analysis includes key levels of support and resistance, along with projected price targets.
Support Level: Identified around 2,914.41, this level serves as a strong base where buying interest may emerge.
Current Price: Gold is trading at approximately 2,924.33, indicating an uptrend.
First Target: Marked around 2,936.45, this is the next resistance level where price may face selling pressure.
Second Target: The final price objective is positioned near 2,950, suggesting further bullish momentum if the first target is broken.
The overall outlook appears bullish, with expectations of price movement towards the first and second targets, provided support holds. The volume profile on the right indicates strong trading activity around these levels, reinforcing the analysis.
Support Level: Identified around 2,914.41, this level serves as a strong base where buying interest may emerge.
Current Price: Gold is trading at approximately 2,924.33, indicating an uptrend.
First Target: Marked around 2,936.45, this is the next resistance level where price may face selling pressure.
Second Target: The final price objective is positioned near 2,950, suggesting further bullish momentum if the first target is broken.
The overall outlook appears bullish, with expectations of price movement towards the first and second targets, provided support holds. The volume profile on the right indicates strong trading activity around these levels, reinforcing the analysis.
Trade active
Keep hold buyNote
40+ pips successfull Note
150 pips doneTrade closed manually
Close with 150 pips
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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.
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.