This is a technical analysis of Gold Spot (XAU/USD) on the 1-hour timeframe. The analysis includes key levels, trend patterns, and potential price movements:
1. Current Price: The price of gold is at $2,811.38, showing a slight decline.
2. Buy & Sell Levels:
Buy Price: $2,811.86
Sell Price: $2,810.92
3. Support & Stop-Loss: A stop-loss level is set at $2,793, indicating a risk management level where traders would exit if the price drops.
4. Target Price (TP):
First Target Price (TP1): $2,844
Demon Zone (Resistance): $2,875
5. Chart Pattern:
There is a cup and handle pattern, a bullish reversal signal suggesting potential upside movement.
The price is expected to bounce off support and move towards the first target before reaching the resistance zone ($2,875).
6. Trade Expectation:
If the price holds above support and breaks resistance at $2,844, it may continue towards $2,875.
If the price falls below $2,793, the stop-loss will activate, indicating a trend failure.
This analysis suggests a bullish outlook if key resistance levels are breached while maintaining risk management through stop-loss placement.
1. Current Price: The price of gold is at $2,811.38, showing a slight decline.
2. Buy & Sell Levels:
Buy Price: $2,811.86
Sell Price: $2,810.92
3. Support & Stop-Loss: A stop-loss level is set at $2,793, indicating a risk management level where traders would exit if the price drops.
4. Target Price (TP):
First Target Price (TP1): $2,844
Demon Zone (Resistance): $2,875
5. Chart Pattern:
There is a cup and handle pattern, a bullish reversal signal suggesting potential upside movement.
The price is expected to bounce off support and move towards the first target before reaching the resistance zone ($2,875).
6. Trade Expectation:
If the price holds above support and breaks resistance at $2,844, it may continue towards $2,875.
If the price falls below $2,793, the stop-loss will activate, indicating a trend failure.
This analysis suggests a bullish outlook if key resistance levels are breached while maintaining risk management through stop-loss placement.
Note
Running trades profit steel hold gold will be fly Trade active
80 Pips running Note
250 pips running trades profit gold will be fly Note
Tp1 Successful 330 pips done Note
400 pips running Note
580 pips running 
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.
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.