Hello Followers here is my prediction on XAUUSD with technical analysis.. So share your opinion in comment section about my prediction..
XAUUSD Has finally break the range and it has given a beautiful long movement.. XAUUSD is looking in a parallel channel if we see it In a bigger timeframe, right now XAUUSD is at the support area that's level is 2990/2980.. According to the structure of XAUUSD it is looking like gold will move further high. Right now XAUUSD is at parallel channel's middle line support area and I think that XAUUSD will reach to the parallel channel's upper line that is a major resistance and it's level is 3040/3050..
Otherwise if XAUUSD break the support zone then it will reach to the demand zone and will fly again till the 3040.. The level of demand zone is 2954/2940...well this is all about the prediction, if you love my prediction then share your opinion in comments...
KEY POINTS:
ENTRY PRICE 2996
MAJOR RESISTANCE AREA 3040/3050
SUPPORT AREA 2990/2980
DEMAND ZONE 2954/2940
XAUUSD Has finally break the range and it has given a beautiful long movement.. XAUUSD is looking in a parallel channel if we see it In a bigger timeframe, right now XAUUSD is at the support area that's level is 2990/2980.. According to the structure of XAUUSD it is looking like gold will move further high. Right now XAUUSD is at parallel channel's middle line support area and I think that XAUUSD will reach to the parallel channel's upper line that is a major resistance and it's level is 3040/3050..
Otherwise if XAUUSD break the support zone then it will reach to the demand zone and will fly again till the 3040.. The level of demand zone is 2954/2940...well this is all about the prediction, if you love my prediction then share your opinion in comments...
KEY POINTS:
ENTRY PRICE 2996
MAJOR RESISTANCE AREA 3040/3050
SUPPORT AREA 2990/2980
DEMAND ZONE 2954/2940
Trade closed: target reached
XAUUSD has successfully reached the target to 3050
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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.