Gold will be fly make new record 2810
This chart displays an analysis of the Gold Spot/U.S. Dollar (XAU/USD) on a 1-hour timeframe. Key components of the analysis include:
1. Current Price Levels:
Buy price: 2,761.12
2. Bullish Channel:
Gold is trending within an upward sloping channel, indicating a bullish trend in the short term.
3. Target Levels:
A significant target is identified at 2,810, marked as a potential new high.
4. Price Action Projection:
The blue arrow suggests that the price is expected to rise toward the target level of 2,810. After reaching this, a possible correction or retracement might occur before another upward move.
5. Stop Loss:
A stop-loss level is set at 2,740, which is below the current trendline to minimize potential losses in case the trend reverses.
6. Resistance and Support Zones:
Key resistance levels are near 2,810, while the lower boundary of the channel and 2,740 serve as support.
This analysis anticipates a continued bullish move but incorporates risk management strategies in case of market reversals.
Kha
1. Current Price Levels:
Buy price: 2,761.12
2. Bullish Channel:
Gold is trending within an upward sloping channel, indicating a bullish trend in the short term.
3. Target Levels:
A significant target is identified at 2,810, marked as a potential new high.
4. Price Action Projection:
The blue arrow suggests that the price is expected to rise toward the target level of 2,810. After reaching this, a possible correction or retracement might occur before another upward move.
5. Stop Loss:
A stop-loss level is set at 2,740, which is below the current trendline to minimize potential losses in case the trend reverses.
6. Resistance and Support Zones:
Key resistance levels are near 2,810, while the lower boundary of the channel and 2,740 serve as support.
This analysis anticipates a continued bullish move but incorporates risk management strategies in case of market reversals.
Kha
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