XAUUSD Analysis – Potential Bullish Reversal from Support Zone
Gold (XAUUSD) is trading at a key support area around 2640-2650, showing signs of a potential bounce for a bullish reversal.
Technical Overview:
Support Zone: 2640 (marked as a critical demand area)
Resistance Targets:
First Resistance: 2675
Second Resistance: 2690
Third Resistance: 2705+
Trend Outlook: Gold has shown a significant downtrend, breaking out of the bullish channel. However, price action near support suggests that buyers are stepping in, indicating a possible bullish reversal.
Trade Idea:
Look for buy opportunities near the 2640-2650 zone.
Stop Loss: Below 2640 (to protect against further downside).
Take Profit: Gradual targets at 2675, 2690, and higher if momentum builds.
Notes:
The reversal depends on the strength of support. If Gold holds the 2640 level, expect an upward move.
Wait for confirmation of bullish candles or volume before entering.
Trade safely and manage risk appropriately. Let’s see how the market reacts! 📈✨
Gold (XAUUSD) is trading at a key support area around 2640-2650, showing signs of a potential bounce for a bullish reversal.
Technical Overview:
Support Zone: 2640 (marked as a critical demand area)
Resistance Targets:
First Resistance: 2675
Second Resistance: 2690
Third Resistance: 2705+
Trend Outlook: Gold has shown a significant downtrend, breaking out of the bullish channel. However, price action near support suggests that buyers are stepping in, indicating a possible bullish reversal.
Trade Idea:
Look for buy opportunities near the 2640-2650 zone.
Stop Loss: Below 2640 (to protect against further downside).
Take Profit: Gradual targets at 2675, 2690, and higher if momentum builds.
Notes:
The reversal depends on the strength of support. If Gold holds the 2640 level, expect an upward move.
Wait for confirmation of bullish candles or volume before entering.
Trade safely and manage risk appropriately. Let’s see how the market reacts! 📈✨
Trade active
XAUUSD UpdateGold is running 70+ pips profit from the entry zone. Maintain risk management:
Secure partial profits.
Adjust stop loss to break-even for risk-free trade.
Stay alert for further movement!
📢 JOIN OUR FREE TELEGRAM CHANNEL!
Get access to free signals, market updates, and multiple services – all in one place!
🔗 Main Channel:
t.me/+snwza6o0xuQ4Y2Jk
Get access to free signals, market updates, and multiple services – all in one place!
🔗 Main Channel:
t.me/+snwza6o0xuQ4Y2Jk
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 OUR FREE TELEGRAM CHANNEL!
Get access to free signals, market updates, and multiple services – all in one place!
🔗 Main Channel:
t.me/+snwza6o0xuQ4Y2Jk
Get access to free signals, market updates, and multiple services – all in one place!
🔗 Main Channel:
t.me/+snwza6o0xuQ4Y2Jk
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.