Support Signals Upside Potential
Updated
Hello Everyone,
Presently, there are supports gathering closely on the graph, clearly visible. Additionally, we've established an initial support line based on the monthly timeframe. The most plausible scenario indicates a rebound from 1858.652 and a continuation of the upward trend. However, for reference, we have included additional support levels. Best of luck!
If you have a moment, I'd greatly appreciate your support for my analysis. Your input is genuinely valuable.
TradeWithTheTrend3344
Bullish Targets:
1878.342
1869.903
1867.091
1864.278
Presently, there are supports gathering closely on the graph, clearly visible. Additionally, we've established an initial support line based on the monthly timeframe. The most plausible scenario indicates a rebound from 1858.652 and a continuation of the upward trend. However, for reference, we have included additional support levels. Best of luck!
If you have a moment, I'd greatly appreciate your support for my analysis. Your input is genuinely valuable.
TradeWithTheTrend3344
Bullish Targets:
1878.342
1869.903
1867.091
1864.278
Note
The safest choice is to wait until there's a clear signal, like a cross and lock above 1864, to confirm the bullish momentum!Note
Bullish Target @ 1864.278 DoneNote
Bullish Target @ 1867.091 DoneNote
Bullish Target @ 1869.903 DoneNote
Take profit as for the last target (1878.342) 1877.26 seems to be the top ! let's see how it plays out.Note
Bullish Target @ 1878.342 DoneNote
XAUSD has closed below two significant support levels: the 1-hour Pivot point at 1869.067 and the 1-day support (S3) at 1869.248. Additionally, the daily pivot point at 1870.097 is another crucial reference point on the chart.These developments imply a probable continuation of the downward trend, but it's essential to note that this outcome is not guaranteed. If the price manages to break above and maintain stability beyond 1870.097, this could indicate the potential for further upward momentum.
Conversely, should the current downward trajectory persist, it's advisable to monitor the next support level at 1864.136, which aligns with the 1-day support (S4). This level could potentially act as an area for a price rebound or even a reversal.
Note
What an absolutely fantastic conclusion to this week. We excelled! Remember to provide a boost and follow me! Wishing everyone a wonderful weekend!
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.