Hello traders here's my New XAU/USD idea, what you think on it? share your thoughts in Comments
Technical Analysis:
The 2-hour chart shows gold trading near a key support zone (2,879-2,880), where buyers have stepped in.
A potential bullish reversal is forming as price attempts to break through the resistance zone (2,940-2,950).
If resistance is cleared, the next target is 2,950+, aligning with recent swing highs.
Fundamental Analysis:
Gold remains supported by safe-haven demand, especially amid global economic uncertainty.deral Reserve policy and interest rate expectations continue to drive volatility in XAU/USD.
A weaker U.S. Dollar and lower bond yields could further support gold prices.
Chart Pattern Analysis:
Price action suggests a potential breakout from a support-to-resistance range.
If the price successfully holds above the support zone, a move toward 2,950 resistance is likely.
A rejection from resistance could see gold retesting support before another breakout attempt.
Conclusion: Gold is currently in a consolidation phase, with bullish potential if resistance breaks. We should watch for volume confirmation and fundamental catalysts for further momentum.
Follow me for more updates and don't forget to share my idea with your friends and family
Technical Analysis:
The 2-hour chart shows gold trading near a key support zone (2,879-2,880), where buyers have stepped in.
A potential bullish reversal is forming as price attempts to break through the resistance zone (2,940-2,950).
If resistance is cleared, the next target is 2,950+, aligning with recent swing highs.
Fundamental Analysis:
Gold remains supported by safe-haven demand, especially amid global economic uncertainty.deral Reserve policy and interest rate expectations continue to drive volatility in XAU/USD.
A weaker U.S. Dollar and lower bond yields could further support gold prices.
Chart Pattern Analysis:
Price action suggests a potential breakout from a support-to-resistance range.
If the price successfully holds above the support zone, a move toward 2,950 resistance is likely.
A rejection from resistance could see gold retesting support before another breakout attempt.
Conclusion: Gold is currently in a consolidation phase, with bullish potential if resistance breaks. We should watch for volume confirmation and fundamental catalysts for further momentum.
Follow me for more updates and don't forget to share my idea with your friends and family
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Trade closed: target reached
Hello Guy's As Per Our Directions Market Reached At Target From 2903 To 2948 440 Pips Profit Achieved Enjoy The Profit And Wait For My New Idea Don't Forget To Support Me Share Ideas With Your Friends And Family Thanks
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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 on telegram
t.me/+RuNdZvCfSq0yMTI0
t.me/+RuNdZvCfSq0yMTI0
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.