XAU/USD is in an uptrend on the 4-hour chart, with key levels identified at a supply zone around $2,520 (potential resistance), a demand zone near $2,485 (potential support), and a critical order block around $2,455
The trade plan involves considering a short position near $2,520 if signs of rejection appear, with a stop loss above $2,525, or a long position near $2,485 or $2,455 with a stop loss below these levels. Take profit targets for shorts are set near $2,485 and $2,455, while longs should aim for around $2,520 or higher, depending on price action
All TA will update when market open when we see the price action
The trade plan involves considering a short position near $2,520 if signs of rejection appear, with a stop loss above $2,525, or a long position near $2,485 or $2,455 with a stop loss below these levels. Take profit targets for shorts are set near $2,485 and $2,455, while longs should aim for around $2,520 or higher, depending on price action
All TA will update when market open when we see the price action
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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.
🔝 The Greatest Analysis on Earth! : t.me/invotrading
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.