Welcome back, guys! 👋I’m Skeptic, and today we’re diving into a quick analysis of Gold (XAU/USD). Let’s break it down.
📈4-Hour Time Frame Analysis
In the 4-hour time frame, we recently observed a range box breakout, but the price quickly pulled back into the box, indicating that sellers failed to maintain the bearish momentum. This suggests that the daily major uptrend is still holding strong.
🔮Our next move? If we see a break above the 4-hour resistance at 2927.25, it could be a solid signal to position ourselves for a potential continuation of the uptrend. The ultimate bullish trigger will be the breakout above 2954.74, confirming strength and momentum to the upside.
💡Market Sentiment and Risk Management
However, with the current geopolitical and economic uncertainties, it’s crucial to be extra cautious. Considering recent global developments, it’s wise to reduce risk exposure. Staying agile and managing stops effectively will help navigate any unexpected volatility.
📉Short Setup
For short positions, our key trigger is a break below the support at 2878.84. Once broken, there’s no significant support until 2841.74, which means the move could be sharp and rapid. However, since this support is critical, be prepared for potential volatility and adjust your stop losses accordingly.
I’m Skeptic, and I’m always glad to share insights with you guys. Let me know your thoughts in the comments, and feel free to ask any questions. See you in the next analysis! <3
📈4-Hour Time Frame Analysis
In the 4-hour time frame, we recently observed a range box breakout, but the price quickly pulled back into the box, indicating that sellers failed to maintain the bearish momentum. This suggests that the daily major uptrend is still holding strong.
🔮Our next move? If we see a break above the 4-hour resistance at 2927.25, it could be a solid signal to position ourselves for a potential continuation of the uptrend. The ultimate bullish trigger will be the breakout above 2954.74, confirming strength and momentum to the upside.
💡Market Sentiment and Risk Management
However, with the current geopolitical and economic uncertainties, it’s crucial to be extra cautious. Considering recent global developments, it’s wise to reduce risk exposure. Staying agile and managing stops effectively will help navigate any unexpected volatility.
📉Short Setup
For short positions, our key trigger is a break below the support at 2878.84. Once broken, there’s no significant support until 2841.74, which means the move could be sharp and rapid. However, since this support is critical, be prepared for potential volatility and adjust your stop losses accordingly.
I’m Skeptic, and I’m always glad to share insights with you guys. Let me know your thoughts in the comments, and feel free to ask any questions. See you in the next analysis! <3
Trade closed: target reached
Hey guys! After breaking 2919, our trigger is active. You can secure partial profits at one level and the next at 2954. Let’s manage risk and ride the trend! 🚀
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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.
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.