"XAU/USD Awaits Direction: Impact of Today's CPI News on Gold Pr
This chart shows a technical analysis for XAU/USD (Gold/US Dollar) within an ascending channel. Key elements include:
1. Trend Channel: The price is moving within an upward-sloping channel, indicating a bullish trend.
2. Support and Resistance:
Support Levels: Around 2,675.63 and 2,664.53, highlighted in blue zones.
Resistance Level: Near 2,719.49 at the channel's upper boundary.
3. Scenario Projections:
Bullish Continuation: Arrows suggest potential upward movement toward 2,719.49 after testing the lower support zone.
Pullback Possibility: A dip to the support zone near 2,664.53 is possible before resuming the upward trend.
4. Economic Events: The dotted vertical lines mark upcoming economic events that might impact price movement.
This analysis implies a buy-on-dip strategy, focusing on the support areas for potential long entries while monitoring the channel for breakout opportunities.
1. Trend Channel: The price is moving within an upward-sloping channel, indicating a bullish trend.
2. Support and Resistance:
Support Levels: Around 2,675.63 and 2,664.53, highlighted in blue zones.
Resistance Level: Near 2,719.49 at the channel's upper boundary.
3. Scenario Projections:
Bullish Continuation: Arrows suggest potential upward movement toward 2,719.49 after testing the lower support zone.
Pullback Possibility: A dip to the support zone near 2,664.53 is possible before resuming the upward trend.
4. Economic Events: The dotted vertical lines mark upcoming economic events that might impact price movement.
This analysis implies a buy-on-dip strategy, focusing on the support areas for potential long entries while monitoring the channel for breakout opportunities.
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✅ Provide Gold And All Pair Signals
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✅ Account Management Service Available/Profit Share 50/50
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Disclaimer
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✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
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.