1. Price Action and Key Levels:
The current price is around 2,642 USD per ounce of gold.
Several horizontal yellow lines mark potential support and resistance levels, possibly identified through historical price data:
2,475 USD: Could act as a significant support level.
2,363 USD: Likely a stronger support below the main red zone.
2,284 USD: This appears to be a...
The chart shows the daily price movement of Gold (XAU/USD) with marked regions indicating potential trend changes and continuations. Key observations are:
Trend Change Above:
Highlighted in the upper red zone, this level indicates a potential shift from a bearish to a bullish trend if the price breaks and closes above it.
It suggests buyers regaining control and...
Supply Zone:
A highlighted rectangular area above the current price indicates a supply zone. This is where selling pressure is expected to increase, causing potential reversals or pauses in upward momentum.
Key Levels:
Several red horizontal zones are marked as potential support and resistance levels.
The first support level lies just below the current price.
A...
This chart highlights the current price action of Gold Spot (XAU/USD) on a daily timeframe. The chart identifies two critical resistance levels: Target 1 at $2,721.37 and Target 2 at $2,789.73. These levels are potential price targets for bullish momentum following a Fibonacci retracement. The price is currently trading at $2,650.31, showing upward movement...
This analysis of the USD/JPY daily chart focuses on recent price action and Fibonacci retracement levels. The pair shows a clear bearish breakdown from the ascending channel, with the price currently testing the key 150.965 level. Support zones near 148.000 are critical, while resistance around 166.148 could act as a long-term target if bullish momentum resumes....
This is a detailed analysis of the BTC/USD 4-hour chart by VortexFX. The chart highlights key resistance and support zones, current price movements, and a potential trend reversal. The upward breakout from the descending trendline indicates bullish momentum, with the price currently testing the $95,500 level. Key levels to watch include the resistance at $97,000...
Supply Zone: The red rectangle at the top indicates a supply zone, where selling pressure is expected. This zone often signifies a resistance level, where the price has previously reversed downward due to an abundance of sell orders.
Fibonacci Retracement Levels: The chart shows key Fibonacci levels (38.2%, 50.0%, 61.8%) used to identify potential reversal or...
Welcome all to the bearish TRAIN all the pople abord from the 2800 or 2600 next stop is 2500.
Take care of the rough ride of 2 days if it does not get bullish. Enjoy your journey
In this chart, I have conducted a technical analysis of Gold Spot against the U.S. Dollar (XAU/USD) on the 4-hour timeframe. The analysis highlights key areas of interest:
Supply Zone: Marked in purple, this region represents a potential area where selling pressure could resume. Historically, prices have shown resistance here, suggesting that traders should...
I just predict😉 the sudden drop has created lots of fairvalue gap traders so if it pull back to fib golden zone and give short entry conformation then sellers just need to use margin whatyou say ? 🤣🤣🤣🤣
I just predict😉 the sudden drop has created lots of fairvalue gap traders so if it pull back to fib golden zone and give short entry conformation then sellers just need to use margin whatyou say ? 🤣🤣🤣🤣
