Technical Analysis Report: Gold (XAU/USD)
(Market Summary)
Gold is currently trading in a strong upward trend, with the price respecting both support and resistance lines. The bulls are in control, and the price is likely to continue moving higher.
(Key Levels)
- Resistance Level: (2790) A close above this level could be a significant breakout, indicating a new bullish swing. This could lead to a surge in buying pressure, pushing the price even higher.
- Support Level: (2750) This level has been acting as a support, and if the price pulls back to this level, it could be a buying opportunity.
- Sell Correction Zone: (2830) If the price reaches this zone, we can expect a sell correction. This could be a good opportunity to take profits or adjust positions.
(Market Summary)
Gold is currently trading in a strong upward trend, with the price respecting both support and resistance lines. The bulls are in control, and the price is likely to continue moving higher.
(Key Levels)
- Resistance Level: (2790) A close above this level could be a significant breakout, indicating a new bullish swing. This could lead to a surge in buying pressure, pushing the price even higher.
- Support Level: (2750) This level has been acting as a support, and if the price pulls back to this level, it could be a buying opportunity.
- Sell Correction Zone: (2830) If the price reaches this zone, we can expect a sell correction. This could be a good opportunity to take profits or adjust positions.
Trade active
Fly From 2778 to 2810 Leads 300 Pips Profit.
For Now Gold may get small Retracement but it will be of just few Pips then again it flies towards 2830 final target just be patience traders.
Trade closed: target reached
Reached at my bullish target 2830. 500 Pips Profit done👍
It may go Little upto 2840 then we will see the fall Upto 2760
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.
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.