Xauusd Gold buy analysis
1. Support Level: ~2,905.82
2. Current Price Level: ~2,915.64
3. Target Resistance ("Residents") Level: ~2,939.87
Distance Calculations:
Current Price to Support:
points
Current Price to Resistance:
points
Total Range (Support to Resistance):
points
Trade Implications:
The price is currently above support and showing bullish momentum.
If the price respects support at 2,905.82, there is potential for a 24.23-point upside toward 2,939.87.
A stop-loss below 2,905.82 would minimize downside risk.
2. Current Price Level: ~2,915.64
3. Target Resistance ("Residents") Level: ~2,939.87
Distance Calculations:
Current Price to Support:
points
Current Price to Resistance:
points
Total Range (Support to Resistance):
points
Trade Implications:
The price is currently above support and showing bullish momentum.
If the price respects support at 2,905.82, there is potential for a 24.23-point upside toward 2,939.87.
A stop-loss below 2,905.82 would minimize downside risk.
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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.
Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
Related publications
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.