XAU/USD (Gold Analysis
My Analysis About XAU/USD (Gold vs. USD) on a 4-hour timeframe.
The price is moving within a defined upward channel, with key support and resistance levels highlighted.
Support Level: Positioned around 2665–2675, serving as a price floor.
Resistance Levels: The first resistance level is at 2730, while a stronger level is at 2750–2785.
Trade Idea: The price is currently retesting a minor support near 2700. A potential breakout above the immediate resistance at 2730 may target 2750 (TP 1) and 2785 (TP 2).
Trend Outlook: A bullish continuation is anticipated if the price remains above the support zone.
Note This Analysis Only For educational purpose only!
The price is moving within a defined upward channel, with key support and resistance levels highlighted.
Support Level: Positioned around 2665–2675, serving as a price floor.
Resistance Levels: The first resistance level is at 2730, while a stronger level is at 2750–2785.
Trade Idea: The price is currently retesting a minor support near 2700. A potential breakout above the immediate resistance at 2730 may target 2750 (TP 1) and 2785 (TP 2).
Trend Outlook: A bullish continuation is anticipated if the price remains above the support zone.
Note This Analysis Only For educational purpose only!
Trade active
Trade closed: target reached
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