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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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.