#XAUUSD 1HXAUUSD Based on the 1-hour analysis, I am observing the resistance zone around 2660.00 and 2665.00 for potential selling opportunities.
Target levels: 2655.00, 2640.00, 2625.00, 2614.00, and 2605.00.
Key pattern: Bearish engulfing near the resistance area.
Important note: Avoid placing any pending orders at this time. Wait for strong bearish confirmation signals before entering a trade.
If the price successfully closes above 2672.00, it is recommended to avoid taking sell positions.
Xauudidea
#XAUUSD 4HXAUUSD Based on the 4-hour analysis, I am currently monitoring key support levels at 2610.00 and 2605.00 for potential buying opportunities.
Target levels: 2660.00, 2680.00, 2700.00, and 2780.00.
Important note: If the price closes below 2600.00, it is advisable to avoid any buying positions.
For now, refrain from placing any pending orders. Wait for strong bullish confirmation signals before entering a trade.
This setup represents a significant swing trade opportunity.
GOLD-Will there be a breakthrough?
This week is a data cycle, and we need to pay attention to the release of the February non-farm payrolls report during the week. Gold may face major tests and abnormal fluctuations. At the same time, the market will pay close attention to the content of Federal Reserve Chairman Powell’s two-day testimony before Congress.
Gold cannot only look at the current technical aspects. Gold's sharp rise last Friday confirmed the market's absolute bullish trend. This wave of prices was the biggest fluctuation since the market opened this year.
I think gold has some room for repair
Xauusd:sell 2086-2090
TP:2080-2076
SL:2093
Because it is an upward trend, we sell in the resistance range and must set up a small position.
You can also wait for the support area to buy
Xauusd:buy2065-2070
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