Hi Guys this is overview of XAUUSD feel free share feedback in comments.
Technical Analysis One Hour Chart
Price Action Trend Analysis
The market has been in a strong uptrend characterized by higher high and higher low.
Recently the priced faced resistance near the $3040 level. leading to rejection.
A pullback is currently in progress sugessting a possible retracement to a demand zone.
2 Key Levels
Resistance Zone ( Supply zone) around $3040 and $3045 wherte price has been rejected multiple times.
Current price $3022
3 Market Structure And Expected Move the price tested the resistance zone failed to break above , and is now reacting downward.
A bearish projection as in the shown in the chart suggests a potential toward the $3000 and $3005 support zone.
If this post is useful for you please kindly dont forget like and comments i will be Glad.
Technical Analysis One Hour Chart
Price Action Trend Analysis
The market has been in a strong uptrend characterized by higher high and higher low.
Recently the priced faced resistance near the $3040 level. leading to rejection.
A pullback is currently in progress sugessting a possible retracement to a demand zone.
2 Key Levels
Resistance Zone ( Supply zone) around $3040 and $3045 wherte price has been rejected multiple times.
Current price $3022
3 Market Structure And Expected Move the price tested the resistance zone failed to break above , and is now reacting downward.
A bearish projection as in the shown in the chart suggests a potential toward the $3000 and $3005 support zone.
If this post is useful for you please kindly dont forget like and comments i will be Glad.
Trade active
Trade Active From 3022 to 3013 to sell side
90 pips Successsfully Done Guys
Note
Keep Hold Strongly Market will Big DropNote
170 pips Done Beautifully GuysNote
Keep Hold Tightly Market will Fruther Drop GuysTrade closed: target reached
XAUUSD Analysis Bearish pullback complete as price hits $3000 Support Gold followed the expected bearish retracement, successfully reaching the $3000 support zone after rejection from resistance near $3040.
Now traders will watch for potential buying pressure at this key level or a possible breakdown for fruther downside.
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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.
Join my telegram channel
t.me/GoldkillerSignals12
Join my Vip membership channel
t.me/+hRsF7h9mMBE2NWJk
t.me/GoldkillerSignals12
Join my Vip membership channel
t.me/+hRsF7h9mMBE2NWJk
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.