It looks like you've uploaded an image of a technical analysis chart for XAU/USD (Gold Spot vs. USD). If you're asking for a disruption or critique of the analysis, here are some points to consider:
1. Resistance Zones Might Not Hold – The strong resistance and resistance levels marked could break if there's strong bullish momentum. Historical resistance is important, but news events or institutional orders could push through.
2. Support Might Not Be Strong – The support level identified might not hold if there's a strong bearish move. A break below this could lead to further downside.
3. Alternative Scenarios – Instead of assuming a range-bound movement between support and resistance, consider:
A breakout above resistance leading to a continuation rally.
A breakdown below support leading to a deeper correction.
A fake-out scenario where price breaks a level but reverses sharply.
4. Fundamental Factors Missing – The analysis lacks mention of economic data, Fed decisions, or geopolitical factors that significantly impact gold prices.
5. Volume Confirmation? – There’s no mention of volume, which can confirm whether these support and resistance levels are strong
1. Resistance Zones Might Not Hold – The strong resistance and resistance levels marked could break if there's strong bullish momentum. Historical resistance is important, but news events or institutional orders could push through.
2. Support Might Not Be Strong – The support level identified might not hold if there's a strong bearish move. A break below this could lead to further downside.
3. Alternative Scenarios – Instead of assuming a range-bound movement between support and resistance, consider:
A breakout above resistance leading to a continuation rally.
A breakdown below support leading to a deeper correction.
A fake-out scenario where price breaks a level but reverses sharply.
4. Fundamental Factors Missing – The analysis lacks mention of economic data, Fed decisions, or geopolitical factors that significantly impact gold prices.
5. Volume Confirmation? – There’s no mention of volume, which can confirm whether these support and resistance levels are strong
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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.