Gold (XAU/USD) touches fresh highs, retreats to $2,780 (+0.25% intraday)
Key drivers:
- Geopolitical tensions
- US presidential election uncertainty
- Traders await US macro releases for Fed's interest rate clues
*Technical Overview*
*M15 Chart*
- Price holds above trend line and liquidity zone ($2,779)
- Breakdown expected to retest $2,775-$2,770
*H4 Chart*
- Continuous increase leads to low liquidity
- Correction expected to $2,770-$2,756
- Requires sharp H4 candlestick drop with close below support
*Trading Signals*
*Buy Zone*
- $2,656-$2,653
- Stop-loss (SL): $2,649
- Take-profit (TP): $2,659-$2,669
*Note*
- Refer to the attached chart for better market visibility.
Key drivers:
- Geopolitical tensions
- US presidential election uncertainty
- Traders await US macro releases for Fed's interest rate clues
*Technical Overview*
*M15 Chart*
- Price holds above trend line and liquidity zone ($2,779)
- Breakdown expected to retest $2,775-$2,770
*H4 Chart*
- Continuous increase leads to low liquidity
- Correction expected to $2,770-$2,756
- Requires sharp H4 candlestick drop with close below support
*Trading Signals*
*Buy Zone*
- $2,656-$2,653
- Stop-loss (SL): $2,649
- Take-profit (TP): $2,659-$2,669
*Note*
- Refer to the attached chart for better market visibility.
Trade active
Trade closed: target reached
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USER𝐍AME. @XKing05
t.me/+wX1pwTyx-0VmODI0
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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 FREE FOREX & GOLD SIGNALS TELEGRAM CHANNEL
USER𝐍AME. @XKing05
t.me/+wX1pwTyx-0VmODI0
EXNESS BROKER : one.exnesstrack.net/a/iok5e2yuvx
USER𝐍AME. @XKing05
t.me/+wX1pwTyx-0VmODI0
EXNESS BROKER : one.exnesstrack.net/a/iok5e2yuvx
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.