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Bullionbuzzreal

(XAU/USD) on the 1-hour (1H) timeframe, showing a potential buy,(XAU/USD) on the 1-hour (1H) timeframe, showing a potential bullish setup. Chart Details: • Current Price: Around 2,888.57 • Technical Analysis: • Entry Zone: Around 2,877 - 2,883 (marked in red) • Target Zone: Around 2,923 - 2,925 (marked in green) • Expected Movement: The chart suggests a potential bullish reversal from the entry zone, targeting the upper resistance. • Support Level: The entry zone is acting as a key support area. • Resistance Level: The target zone is the expected resistance level. Conclusion: The setup indicates a possible buy opportunity from the entry zone with a potential upside towards 2,923 - 2,925. If price holds above the support, the bullish move could play out. However, if price breaks below 2,877, downside risk increases.
OANDA:XAUUSD
by Artiverma256
GBP/JPY (British Pound / Japanese Yen) on the 1-hour timeframe, GBP/JPY (British Pound / Japanese Yen) on the 1-hour timeframe, illustrating a potential bullish setup. Chart Analysis: • The price is currently around 188.65, trading near a support zone (highlighted in red). • A possible bullish breakout is depicted, with price expected to rise towards 190.78 - 191.75. • Key levels: • Support Zone: Around 188.30 - 187.75 (potential bounce area). • Resistance Zone: Around 190.78 - 191.75 (potential target). • The chart also includes a rounded top formation, indicating a prior bearish move, followed by consolidation. • The expected scenario suggests a breakout from consolidation, leading to an upward move.
by Artiverma256