This chart represents a Gold (XAU/USD) 30-minute timeframe analysis from TradingView. Here are the key takeaways:
Technical Indicators & Levels
Exponential Moving Averages (EMAs)
200 EMA (Blue Line): 3,110.97 – A long-term trend indicator.
30 EMA (Red Line): 3,134.65 – A short-term trend indicator.
Key Levels
Resistance Point: Around 3,136.56.
Support Zone (Stop Loss Level): 3,103.16.
Target Point: 3,167.44, indicating a potential 1.62% upside.
Potential Trade Setup
Scenario 1 (Bullish Case):
If price breaks above resistance (3,136.56) and holds, the next target is 3,167.44.
A bullish breakout could indicate further momentum.
Scenario 2 (Bearish Case):
If price fails to break resistance and drops, it could test the support zone around 3,103.16.
A break below this level might lead to further downside.
Pattern Analysis:
The chart suggests a potential retest of resistance before a breakout.
A possible accumulation phase before a strong move.
Conclusion
Bullish above 3,136.56, targeting 3,167.44.
Bearish below 3,103.16, watching for downside risk.
The 200 EMA (3,110.97) could act as dynamic support.
Technical Indicators & Levels
Exponential Moving Averages (EMAs)
200 EMA (Blue Line): 3,110.97 – A long-term trend indicator.
30 EMA (Red Line): 3,134.65 – A short-term trend indicator.
Key Levels
Resistance Point: Around 3,136.56.
Support Zone (Stop Loss Level): 3,103.16.
Target Point: 3,167.44, indicating a potential 1.62% upside.
Potential Trade Setup
Scenario 1 (Bullish Case):
If price breaks above resistance (3,136.56) and holds, the next target is 3,167.44.
A bullish breakout could indicate further momentum.
Scenario 2 (Bearish Case):
If price fails to break resistance and drops, it could test the support zone around 3,103.16.
A break below this level might lead to further downside.
Pattern Analysis:
The chart suggests a potential retest of resistance before a breakout.
A possible accumulation phase before a strong move.
Conclusion
Bullish above 3,136.56, targeting 3,167.44.
Bearish below 3,103.16, watching for downside risk.
The 200 EMA (3,110.97) could act as dynamic support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my telegram (COPY_TRADE)
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Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.