**Analysis XAU/USD (Gold)**
1. **First touch:**
- Occurred at **2750**, where price dropped over **2000 pips** down to **SSLL**. ⚡️
- This strong reaction shows significant selling pressure, a key moment to consider selling opportunities. 📉
2. **Second touch:**
- Reaction was smaller.
- Price held **support** at **2583**, previously **resistance**. 🔄
- Transition from **resistance** to **support** suggests a possible price improvement and a potential upward move. ⬆️
3. **Third touch:**
- Smaller reaction, but indicates a potential shift in market direction. 🔄
- This could signal a **bullish** trend, potentially aiming for a new **All Time High** if price breaks **2727**. 💰🚀
---
**Key Zone (2619-2630):**
- Strong support and accumulation zone. 🔑
- Could offer strong buying opportunities if price stays within this range. 📊
---
**Blue Line (2658-2656):**
- Potential support level.
- If price holds here, it may signal buying opportunities. 💡
- Liquidity could form at **2645**, described as a **SUPPORT CANDLE**, a potential signal for buying. 🕯️
---
**Conclusion:**
If price stays above **2658**, it could signal a strong buying opportunity, with potential for an upward move towards a new **All Time High**. 📈💥
1. **First touch:**
- Occurred at **2750**, where price dropped over **2000 pips** down to **SSLL**. ⚡️
- This strong reaction shows significant selling pressure, a key moment to consider selling opportunities. 📉
2. **Second touch:**
- Reaction was smaller.
- Price held **support** at **2583**, previously **resistance**. 🔄
- Transition from **resistance** to **support** suggests a possible price improvement and a potential upward move. ⬆️
3. **Third touch:**
- Smaller reaction, but indicates a potential shift in market direction. 🔄
- This could signal a **bullish** trend, potentially aiming for a new **All Time High** if price breaks **2727**. 💰🚀
---
**Key Zone (2619-2630):**
- Strong support and accumulation zone. 🔑
- Could offer strong buying opportunities if price stays within this range. 📊
---
**Blue Line (2658-2656):**
- Potential support level.
- If price holds here, it may signal buying opportunities. 💡
- Liquidity could form at **2645**, described as a **SUPPORT CANDLE**, a potential signal for buying. 🕯️
---
**Conclusion:**
If price stays above **2658**, it could signal a strong buying opportunity, with potential for an upward move towards a new **All Time High**. 📈💥
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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.