The #gold market continues its upward trend, and in lower timeframes, positive signs of further upward movement are visible. Based on the updated chart data, the following analysis is provided: Overall Market Overview The 4-hour chart of spot gold prices shows successful attempts to maintain levels above key support zones. The addition of the Ichimoku cloud in...
Key Levels to Watch: Resistance Levels: The $2660 level serves as the immediate resistance near the current price. Higher resistance levels are located at $2680 and $2700, both of which could act as strong barriers. Support Levels: The $2640 level is acting as a key support, currently being tested by the price. If $2640 breaks, the next support lies at $2620,...
The USD/JPY pair is currently trading near a critical zone, indicating potential for a strong movement. The price has been consolidating near the 157.00 level, which serves as a key psychological zone. Based on the recent price action and support/resistance levels, there are two plausible scenarios: continuation of the uptrend or a reversal toward lower...
Key Levels and Observations The black horizontal lines on the chart represent monthly support and resistance levels, which are critical zones for price reactions. Significant levels include: Support Levels: 2600, 2580, 2560 Resistance Levels: 2620, 2640, 2660 Momentum and Price Behavior On the 1-hour timeframe, bearish momentum appears stronger as the red...
OANDA:XAUUSD Fractals Market Algorithm 📈Buy Limit 2314.60 ❌ Stop 55 pip ✅Target1 : 55 Pip ✅Target2 : 74 Pip ✅Target3 : 102 Pip ✅Target3 : 165 Pip
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