Fed News Gold xauusd setup
This is a technical analysis chart of Gold Spot (XAU/USD) on the 1-hour timeframe. The chart highlights key levels of support, resistance, and a potential price movement scenario.
1. Support Level: 2741
Marked in red at the lower part of the chart, this level indicates a potential strong buying zone where price might reverse upwards.
2. Resistance Level: 2765
Identified in blue, this is a crucial level where selling pressure may emerge. If the price successfully breaks above it, further bullish momentum is expected.
3. Target Level: 2780
This is the projected price target if the resistance at 2765 is broken, suggesting an upward continuation.
4. Price Action Expectation
The chart suggests a potential bounce from the support level (2741), leading to a move toward the resistance (2765).
If resistance is broken, the price may rally to the target level (2780).
However, failure to break the resistance could result in a pullback.
This analysis is useful for traders looking for potential entry and exit points based on price action and technical levels.
1. Support Level: 2741
Marked in red at the lower part of the chart, this level indicates a potential strong buying zone where price might reverse upwards.
2. Resistance Level: 2765
Identified in blue, this is a crucial level where selling pressure may emerge. If the price successfully breaks above it, further bullish momentum is expected.
3. Target Level: 2780
This is the projected price target if the resistance at 2765 is broken, suggesting an upward continuation.
4. Price Action Expectation
The chart suggests a potential bounce from the support level (2741), leading to a move toward the resistance (2765).
If resistance is broken, the price may rally to the target level (2780).
However, failure to break the resistance could result in a pullback.
This analysis is useful for traders looking for potential entry and exit points based on price action and technical levels.
Trade active
Note
Keep hold gold will flyNote
Hold on guysNote
Exactly same move Note
Hold it Note
Still bullish Note
2765 done Note
It's flying Trade closed: target reached
Target achieved 2780 complete 
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Gold Free Signals 👇👇
t.me/GoldVipSignals7
For Free Signals Join My Channel
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For Free Signals Join My Channel
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