The chart below shows the price movement of gold (XAUUSD) on the 30-minute time frame with support and resistance lines, as well as entry areas (buy and sell), along with stop loss and take profit levels.
SELL
Sell Entry: 2645
Stop Loss (SL): 2651
Take Profit (TP): 2620
BUY
Buy Entry: 2615
Stop Loss (SL): 2605
Take Profit (TP): 2640
Trend Analysis Main Trend: The price tends to move in a pattern of higher highs and lower lows, but there has been a significant correction after reaching the peak at the highest level.
Current Range: The price is currently moving downward after experiencing rejection around the 2726 level.
Key Support: Around 2613 (last low).
Key Resistance: Around 2670 (last high before the drop).
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.