The market is showing a bullish move according to technical analysis, before 20-jan-2025, the market can either take support from the 200 EMA and go bullish or retest the zone of 2630 and give a bullish move. This analysis is only for learning purposes. Please do your risk calculation before taking any trade.
According to analysis, these trades can be good move-catching trades, but following your own risk management is always advisable. And these ideas are only for swing trades.
"After yesterday's sharp decline in XAUUSD, the market is showing signs of stabilization, creating potential opportunities for long trades. Key support levels have held firm, suggesting bullish momentum could resume as buyers step in. We must closely monitor price action for confirmation, targeting a potential recovery towards key resistance zones. As always,...
Considering the completion of the corrective downside move in gold, we can expect two swing-long trades this month. Make sure you follow your risk-reward ratio during placing these trades. Trade no. 1 - Entry - 2636 SL - 2694 TP - 2790 Trade no. 2 - Entry - 2605 SL - 2694 ...
Following the trend line in the H4 time zone and checking the levels of 2650 and 2630, gold can give a good bullish move from either level 2650 (zone 2646-2654) or level 2630 (zone 2626-2634). With this analysis, we can plan two buy trades: the first one will be from 2654 with a Stop loss of 2644, and the second trade can be from 2634 with an SL of 2624. The...
XAU/USD - Gold is making good corrective moves, from 2680 or 2650 it should go bullish to give good buy trade...
Good resistance zone, supply area and Fib levels in the golden level 61 to 78...