Analysis Summary: Gold (XAU/USD) is currently trading at 3,383.75 and has shown a corrective move after reaching a recent high near 3,436.26. The chart indicates a bullish channel with support holding near the lower boundary of the channel.
Key Observations:
Price has pulled back sharply but respected the channel's lower trendline, suggesting a potential bullish reversal.
A bullish rebound is anticipated from the 3,360–3,370 zone, marked by the yellow support area.
Two key resistance levels are highlighted at 3,411.89 and 3,434.35.
The Ichimoku Cloud is thin ahead, suggesting less resistance for upward momentum.
Potential Trading Setup:
Entry Zone: Near 3,370–3,383 (support zone or on bullish confirmation).
TP1: 3,411
TP2: 3,434
SL: Below 3,360 (outside the channel and below yellow zone).
Key Observations:
Price has pulled back sharply but respected the channel's lower trendline, suggesting a potential bullish reversal.
A bullish rebound is anticipated from the 3,360–3,370 zone, marked by the yellow support area.
Two key resistance levels are highlighted at 3,411.89 and 3,434.35.
The Ichimoku Cloud is thin ahead, suggesting less resistance for upward momentum.
Potential Trading Setup:
Entry Zone: Near 3,370–3,383 (support zone or on bullish confirmation).
TP1: 3,411
TP2: 3,434
SL: Below 3,360 (outside the channel and below yellow zone).
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Gold Signal's with proper TP & SL for high profit.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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 telegram channel free ..
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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.