KEY ZONES ON XAUUSD
TRADEWITHKENNY – XAUUSD Update (TradingView)
The chart above shows a strong resistance level at 2923.22, which has been tested multiple times, making it a key resistance zone. A bullish breakout above this level could push prices higher, with potential targets at 2930, 2933, and beyond. On the other hand, if the price moves bearish below this zone, we could see declines toward 2903, 2895, and possibly 2878.
With NFP approaching, expect increased volatility and potential choppy price action. Ensure you conduct thorough analysis and apply proper risk management when trading.
Disclaimer: This is my personal view and should not be considered financial advice.
The chart above shows a strong resistance level at 2923.22, which has been tested multiple times, making it a key resistance zone. A bullish breakout above this level could push prices higher, with potential targets at 2930, 2933, and beyond. On the other hand, if the price moves bearish below this zone, we could see declines toward 2903, 2895, and possibly 2878.
With NFP approaching, expect increased volatility and potential choppy price action. Ensure you conduct thorough analysis and apply proper risk management when trading.
Disclaimer: This is my personal view and should not be considered financial advice.
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.
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.