CFDs on Gold (US$ / OZ)Updated Master Gold Trading with Precise Price Action Strategies!
XAUUSD Alexgoldhunter Chart Analysis: CFDs on Gold (US/OZ) 1-Hour Timeframe
Current Market Structure
Current Price: $2,623.689
Resistance Levels:
2,650.000 USD
2,645.861 USD
2,635.056476 USD (0.786 Fibonacci level)
2,629.61603 USD (0.705 Fibonacci level)
2,623.775288 USD (0.618 Fibonacci level)
Support Levels:
2,615.847 USD (0.5 Fibonacci level)
2,607.921412 USD (0.382 Fibonacci level)
2,588.000 USD
2,578.000 USD
Indicators
RSI: 63.41 (indicating neutral to slightly bullish sentiment)
MACD: Shows bullish momentum with the MACD line above the signal line
Volume Profile: High trading activity around $2,700, indicating strong support/resistance zones
Buy Strategy
Confirmation:
Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) near the 0.5 Fibonacci level ($2,615.847 USD).
Ensure RSI remains above 50, indicating bullish momentum.
Entry: Enter a buy position around the 0.5 Fibonacci level ($2,615.847 USD).
Stop Loss: Place a stop loss below the next support level at $2,578.000 USD to manage risk.
Take Profit: Aim for a 2:1 risk-reward ratio, targeting around $2,645.861 USD (resistance level) and $2,650.000 USD.
Sell Strategy
Confirmation:
Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) near the resistance levels around $2,650.000 USD.
Ensure RSI remains below 50, indicating bearish momentum.
Entry: Enter a sell position around the resistance level at $2,650.000 USD.
Stop Loss: Place a stop loss above the strong resistance level at $2,655.000 USD to manage risk.
Take Profit: Aim for a 2:1 risk-reward ratio, targeting around $2,615.847 USD (0.5 Fibonacci level) and $2,607.921412 USD (0.382 Fibonacci level).
VIP Signal Format
entry: $2,615.847 USD tp1: $2,645.861 USD tp2: $2,650.000 USD sl: $2,578.000 USD
This analysis uses price action techniques to generate a structured buy and sell strategy for CFDs on Gold (US/OZ). If you need further details or adjustments, feel free to let me know! 📈😊
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Trade active
Swing Trade Active from the 0.5 Fibonacci level ($2,615.847 USD).
Alex Gold Hunter
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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.
Alex Gold Hunter
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
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.