In this analysis we are focusing on M30 time frame for XAUUSD. Here I'm using support/resistance and price action strategy. As we know that market trend was bullish and gold creates a new all time high. But now price is in consolidation range. Today I'm looking both opportunity bullish or bearish, If price break above the consolidation area than we look for buy but after strong confirmation. In other case If market price break below the consolidation area and close the candle below this area then we look for sell but first we take confirmation then we go for sell because we know that the trend was bullish and we also see the volume and momentum or RSI divergence. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
#GOLD M30 Technical Analyze Expected Move.
Always use stoploss for your trade.
#GOLD M30 Technical Analyze Expected Move.
Trade active
Trading ActiveTrade active
Trade Status: ActiveTrade active
ActiveTrade active
Active Trade.Trade active
Active Trade Trade active
ActiveTrade closed: target reached
Trade Close Target Reached SuccessfullyTrade closed: target reached
Target hit successfully.
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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.