Gold Chart Analysis (XAUUSD)
1. Current Situation:
- Gold price is around 2,890 USD
- Price is consolidating after a downward movement
- Increased trading volume in the support zone
2. Technical Points:
- Key resistance at 2,920 USD
- Support level at 2,885 USD
- EMA lines showing Bearish Cross signals
3. Trading Signals:
- Bull Signal at 50% Retracement level
- Volume Profile shows accumulation at support
- RSI in Oversold zone indicating potential rebound
Recommendations:
1. Short-term:
- Consider buying at support 2,885 USD
- Place Stop Loss below 2,880 USD
- Take Profit at resistance 2,920 USD
2. Risk Management:
- Use Position Size no more than 2-3% of portfolio
- Be cautious of market opening gaps
- Set Trailing Stop to secure profits
3. Factors to Monitor:
- Fed interest rate policy
- USD volatility
- International geopolitical tensions
Summary: Gold price is at an interesting point for short-term buying opportunities, but careful risk management is required while closely monitoring external factors.
1. Current Situation:
- Gold price is around 2,890 USD
- Price is consolidating after a downward movement
- Increased trading volume in the support zone
2. Technical Points:
- Key resistance at 2,920 USD
- Support level at 2,885 USD
- EMA lines showing Bearish Cross signals
3. Trading Signals:
- Bull Signal at 50% Retracement level
- Volume Profile shows accumulation at support
- RSI in Oversold zone indicating potential rebound
Recommendations:
1. Short-term:
- Consider buying at support 2,885 USD
- Place Stop Loss below 2,880 USD
- Take Profit at resistance 2,920 USD
2. Risk Management:
- Use Position Size no more than 2-3% of portfolio
- Be cautious of market opening gaps
- Set Trailing Stop to secure profits
3. Factors to Monitor:
- Fed interest rate policy
- USD volatility
- International geopolitical tensions
Summary: Gold price is at an interesting point for short-term buying opportunities, but careful risk management is required while closely monitoring external factors.
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.