The image shows a technical analysis chart for Gold (CFDs on Gold - XAU/USD) on a 2-hour timeframe from TVC, published by the XAUUSD_EXPERT_Team on TradingView.
Key Elements and Analysis:
1. Price Action:
The current price is 3,373.543, showing a decrease of 63.436 points (-1.85%).
2. Trade Setup:
Target Level: The chart indicates a target of 3,415 (marked by a gray box with "TARGET 3415").
Stop-Loss (SL) Level: The stop-loss is set at 3,333.554 (marked by a black horizontal line labeled "SL 3333").
Price Movement Prediction:
The green arrow indicates a bullish scenario, suggesting a rise toward the target level.
The red arrow indicates a bearish scenario, suggesting a drop to the stop-loss level.
3. Trend and Momentum:
The chart shows a recent uptrend, but the current retracement hints at a potential pullback or consolidation before the next move.
If the price holds above the SL level (3,333), it could continue its upward momentum.
A break below the SL level may indicate further downside.
Trading Implication:
Long Position: Consider entering if the price shows signs of support above 3,333 and moves upward, targeting 3,415.
Short Position: If the price breaks below 3,333, it may signal a bearish trend continuation.
Would you like a more detailed trading plan based on this chart?
Key Elements and Analysis:
1. Price Action:
The current price is 3,373.543, showing a decrease of 63.436 points (-1.85%).
2. Trade Setup:
Target Level: The chart indicates a target of 3,415 (marked by a gray box with "TARGET 3415").
Stop-Loss (SL) Level: The stop-loss is set at 3,333.554 (marked by a black horizontal line labeled "SL 3333").
Price Movement Prediction:
The green arrow indicates a bullish scenario, suggesting a rise toward the target level.
The red arrow indicates a bearish scenario, suggesting a drop to the stop-loss level.
3. Trend and Momentum:
The chart shows a recent uptrend, but the current retracement hints at a potential pullback or consolidation before the next move.
If the price holds above the SL level (3,333), it could continue its upward momentum.
A break below the SL level may indicate further downside.
Trading Implication:
Long Position: Consider entering if the price shows signs of support above 3,333 and moves upward, targeting 3,415.
Short Position: If the price breaks below 3,333, it may signal a bearish trend continuation.
Would you like a more detailed trading plan based on this chart?
Trade closed: target reached
Gold Target Successfully Archived.
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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.
XAUUSD GOLD + BTCUSD Daily 5-6 Free Signals📊🚀
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
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.