The chart displays Gold (XAU/USD) on a 1-hour timeframe, showing an upward movement towards the target of 3,000.
Key features and annotations include:
1. SiBi (Swing In/Buy) and BiBi (Break In/Buy) zones, which highlight key areas where buying opportunities might arise as the price breaks key support or resistance levels.
2. Support Level: The price has formed a strong support around 2,990, with a potential for further upward movement once this level holds.
3. Order Block: Located around 2,950, this block suggests that there was significant buying activity here, making it a key area for price action.
4. The price is now reaching resistance levels near 3,000, showing bullish momentum. A breakout above this resistance would open the path for further gains, with the target set at 3,000.
5. The Target 3,000 is marked above the current price action, indicating a potential target to reach as the bullish trend continues.
Traders should watch for confirmation of a breakout above the 3,000 resistance level for a potential continuation toward the target, using the BiBi zones for confirmation of further bullish momentum.
Key features and annotations include:
1. SiBi (Swing In/Buy) and BiBi (Break In/Buy) zones, which highlight key areas where buying opportunities might arise as the price breaks key support or resistance levels.
2. Support Level: The price has formed a strong support around 2,990, with a potential for further upward movement once this level holds.
3. Order Block: Located around 2,950, this block suggests that there was significant buying activity here, making it a key area for price action.
4. The price is now reaching resistance levels near 3,000, showing bullish momentum. A breakout above this resistance would open the path for further gains, with the target set at 3,000.
5. The Target 3,000 is marked above the current price action, indicating a potential target to reach as the bullish trend continues.
Traders should watch for confirmation of a breakout above the 3,000 resistance level for a potential continuation toward the target, using the BiBi zones for confirmation of further bullish momentum.
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Related publications
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👉Free Telegram Channel Link 👇
t.me/+o7AGmpIUIjM2YWM8
Vip Paid Signals Link 🔗
t.me/+o7AGmpIUIjM2YWM8
Recommend Best Broker Exness
Partner link 👇
one.exnesstrack.org/a/cpngkkjhvf
t.me/+o7AGmpIUIjM2YWM8
Vip Paid Signals Link 🔗
t.me/+o7AGmpIUIjM2YWM8
Recommend Best Broker Exness
Partner link 👇
one.exnesstrack.org/a/cpngkkjhvf
Related publications
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.