XAUUSD TODAY'S MAPPING IN 4H TF
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Here we are mapping chart of XAUUSD ( GOLD ) in 4-Hour TF
This chart shows the price of gold (XAUUSD) over time. The price is moving in an upward trend (light blue channel).
Current Situation: The price recently dropped but is near a strong support area (gray zone).
Prediction: If the price stays above this support, it might bounce back up and continue rising.
Risk: If it falls below the support zone, the trend could change.
Basically, the idea is that gold might go up again after a small dip, but if it breaks below support, the trend could reverse.
Here we are mapping chart of XAUUSD ( GOLD ) in 4-Hour TF
This chart shows the price of gold (XAUUSD) over time. The price is moving in an upward trend (light blue channel).
Current Situation: The price recently dropped but is near a strong support area (gray zone).
Prediction: If the price stays above this support, it might bounce back up and continue rising.
Risk: If it falls below the support zone, the trend could change.
Basically, the idea is that gold might go up again after a small dip, but if it breaks below support, the trend could reverse.
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Almost Target Reached Guy's
We collect around 500+ PIPS
Trade closed: target reached
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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.
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.