This 30-minute chart of Gold (XAU/USD) shows price action with different time zones and potential trade setups. The chart highlights several key periods, such as Asia, London, and New York sessions, with marked zones indicating where notable price movements occurred during these times.
- Green arrows point to support levels where the price bounced upwards, indicating possible entry points for a buy trade.
- Red arrows highlight resistance areas where the price faced rejection, with potential sell signals forming near these levels.
Currently, the price is approaching the Sell zone around 3,121.548, with a potential target at 3,100.588. This suggests that the market might reverse in this region, offering a potential short trade opportunity. The sell zone is shown in the light blue shaded area, where the price has been previously rejected multiple times.
The London close and New York close are indicated, showing where important price shifts occurred, helping traders identify the end of major market sessions. The market has recently experienced a pullback after reaching the New York session highs, and a potential move lower toward the target of $3,100.588 is expected. Overall, the chart suggests a bearish bias as the price moves into the sell zone, and traders could consider selling with a target at 3,100.588 if the price fails to break above the resistance near $3,121.548.
- Green arrows point to support levels where the price bounced upwards, indicating possible entry points for a buy trade.
- Red arrows highlight resistance areas where the price faced rejection, with potential sell signals forming near these levels.
Currently, the price is approaching the Sell zone around 3,121.548, with a potential target at 3,100.588. This suggests that the market might reverse in this region, offering a potential short trade opportunity. The sell zone is shown in the light blue shaded area, where the price has been previously rejected multiple times.
The London close and New York close are indicated, showing where important price shifts occurred, helping traders identify the end of major market sessions. The market has recently experienced a pullback after reaching the New York session highs, and a potential move lower toward the target of $3,100.588 is expected. Overall, the chart suggests a bearish bias as the price moves into the sell zone, and traders could consider selling with a target at 3,100.588 if the price fails to break above the resistance near $3,121.548.
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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.
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.