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Gold Spot / U.S. Dollar

SUPPORT AND RESISTANCE / PRICE ACTION

By TradeTacticsreal
Updated
In this analysis we are focusing on M30 time frame for XAUUSD. Here I'm using support/resistance and price action strategy. As we know that market trend was bullish and gold creates a new all time high. But now price is in consolidation range. Today I'm looking both opportunity bullish or bearish, If price break above the consolidation area than we look for buy but after strong confirmation. In other case If market price break below the consolidation area and close the candle below this area then we look for sell but first we take confirmation then we go for sell because we know that the trend was bullish and we also see the volume and momentum or RSI divergence. Let's delve deeper into these levels and potential outcomes.

Always use stoploss for your trade.

#GOLD M30 Technical Analyze Expected Move.
Trade active
Trading Active
Trade active
Trade Status: Active
Trade active
Active
Trade active
Active Trade.
Trade active
Active Trade
Trade active
Active
Trade closed: target reached
Trade Close Target Reached Successfully
Trade closed: target reached
Target hit successfully.
Chart PatternsFundamental AnalysisliquiditypriceactionsmcconceptTrend Analysis
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