Gold (XAU/USD) is currently moving near a key resistance zone, and I’m seeing a potential buy setup if the price breaks above 2917.
🔍 Key Levels to Watch:
Resistance Zone: 2928 - 2925 – A break above this zone could confirm more bullish continuation
Buy Entry: A breakout above 2917 could signal a buy opportunity.
Stop Loss: Place stops below 2911 to manage risk effectively.
📊 What’s Next?
If the price respects the 2917 level and breaks higher, we could see a move toward the resistance zone at 2928 - 2925. A clean breakout above this zone could open the door for further upside.
💡 Trade Plan:
Entry: Buy above 2917 with confirmation.
Stop Loss: Below 2912 to protect against downside risk.
Targets: Initial target is at 2922 because of the rejection area.
🔍 Key Levels to Watch:
Resistance Zone: 2928 - 2925 – A break above this zone could confirm more bullish continuation
Buy Entry: A breakout above 2917 could signal a buy opportunity.
Stop Loss: Place stops below 2911 to manage risk effectively.
📊 What’s Next?
If the price respects the 2917 level and breaks higher, we could see a move toward the resistance zone at 2928 - 2925. A clean breakout above this zone could open the door for further upside.
💡 Trade Plan:
Entry: Buy above 2917 with confirmation.
Stop Loss: Below 2912 to protect against downside risk.
Targets: Initial target is at 2922 because of the rejection area.
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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.