XAU/USD (Gold Spot vs. U.S. Dollar) on a 30-minute timeframe.
The is a technical analyze chart for XAU/USD (Gold Spot vs. U.S. Dollar) on a 30-minute timeframe.
Key Elements in the Chart:
Trading Range: The chart highlights a trading range where price movements have been consolidating between support and resistance levels.
Support and Resistance: A well-defined support zone at around 2,924.04 and resistance levels marked within the rectangular box.
Breakout Strategy: The annotation suggests that if the price breaks below the support level with a strong candle close, traders may look for short (sell) opportunities until the next support zone.
Target Levels:
TP1 (Take Profit 1): 2,919.72
Final Target: 2,912.50
If gold price breaks below 2,924.04, a downward move toward 2,912.50 is expected.
If the price remains in the trading range, consolidation may continue.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Key Elements in the Chart:
Trading Range: The chart highlights a trading range where price movements have been consolidating between support and resistance levels.
Support and Resistance: A well-defined support zone at around 2,924.04 and resistance levels marked within the rectangular box.
Breakout Strategy: The annotation suggests that if the price breaks below the support level with a strong candle close, traders may look for short (sell) opportunities until the next support zone.
Target Levels:
TP1 (Take Profit 1): 2,919.72
Final Target: 2,912.50
If gold price breaks below 2,924.04, a downward move toward 2,912.50 is expected.
If the price remains in the trading range, consolidation may continue.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Trade active
Active trade and also Tp 1 hits successfully 70+pips.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.