Hello 👋 gold traders
3-hour timeframe of Gold Spot (XAU/USD) with technical analysis levels and moving averages. Here’s a breakdown of the key points:
Key Observations:
1. Support & Resistance Levels:
Support Level: Around 2,909.870 - 2,902.340 (marked as the buying zone).
Resistance Level: 2,930.173.
Target Point: 2,960.607.
2. Exponential Moving Averages (EMAs):
30 EMA (Red Line): 2,909.870 (Short-term trend).
200 EMA (Blue Line): 2,884.578 (Long-term trend, acting as strong support).
3. Price Action:
The price is currently in a consolidation phase around the resistance zone.
If the price breaks above 2,930, we might see a bullish move toward the target at 2,960.
If the price fails to break resistance, a pullback to the buying zone (support level at 2,909-2,902) is possible.
Trading Strategy Ideas:
Bullish Scenario (Breakout Above 2,930): Look for long positions targeting 2,960.
Bearish Scenario (Rejection at Resistance): A retest of the buying zone (2,909 - 2,902) before another push higher.
3-hour timeframe of Gold Spot (XAU/USD) with technical analysis levels and moving averages. Here’s a breakdown of the key points:
Key Observations:
1. Support & Resistance Levels:
Support Level: Around 2,909.870 - 2,902.340 (marked as the buying zone).
Resistance Level: 2,930.173.
Target Point: 2,960.607.
2. Exponential Moving Averages (EMAs):
30 EMA (Red Line): 2,909.870 (Short-term trend).
200 EMA (Blue Line): 2,884.578 (Long-term trend, acting as strong support).
3. Price Action:
The price is currently in a consolidation phase around the resistance zone.
If the price breaks above 2,930, we might see a bullish move toward the target at 2,960.
If the price fails to break resistance, a pullback to the buying zone (support level at 2,909-2,902) is possible.
Trading Strategy Ideas:
Bullish Scenario (Breakout Above 2,930): Look for long positions targeting 2,960.
Bearish Scenario (Rejection at Resistance): A retest of the buying zone (2,909 - 2,902) before another push higher.
Trade closed: target reached
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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 my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.