Gold
Uptrend line: Connect recent lows (e.g., $1,825, $1,830).
Downtrend line (if applicable): Connect recent highs if there's a retracement.
Support and Resistance Levels:
Support: $1,830 (recent low).
Resistance: $1,845 (recent high).
Price Action:
If the price is near $1,830 (support) and showing bullish candlestick patterns it might indicate a buy opportunity. Trade Setup:
Buy Entry: Near $1,830, if price action confirms.
Stop-Loss: Below the support level, around $1,827.
Take-Profit: Near the next resistance level, around $1,845
Downtrend line (if applicable): Connect recent highs if there's a retracement.
Support and Resistance Levels:
Support: $1,830 (recent low).
Resistance: $1,845 (recent high).
Price Action:
If the price is near $1,830 (support) and showing bullish candlestick patterns it might indicate a buy opportunity. Trade Setup:
Buy Entry: Near $1,830, if price action confirms.
Stop-Loss: Below the support level, around $1,827.
Take-Profit: Near the next resistance level, around $1,845
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.
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.