XAUUSD / TRADING BELOW ATH - 4H
Updated
XAUUSD - 4H TIME FRAME
HELLO TRADERS
The prices continue to exhibit a downward trend, consistently trading below the all-time high (ATH) of $2,589. Sustained trading beneath this level suggests a potential decline to $2,551, and if this support is broken, prices are expected to drop further, possibly reaching $2,531.
On the other hand, a breakout above $2,589 would indicate a reversal in the trend, with prices likely rising to test new resistance levels at $2,600 and $2,620.
UPWARD TARGET : 2,600$ , 2,620$.
DOWNWARD TARGET : 2,570$ , 2,551$.
HELLO TRADERS
The prices continue to exhibit a downward trend, consistently trading below the all-time high (ATH) of $2,589. Sustained trading beneath this level suggests a potential decline to $2,551, and if this support is broken, prices are expected to drop further, possibly reaching $2,531.
On the other hand, a breakout above $2,589 would indicate a reversal in the trend, with prices likely rising to test new resistance levels at $2,600 and $2,620.
UPWARD TARGET : 2,600$ , 2,620$.
DOWNWARD TARGET : 2,570$ , 2,551$.
Trade closed: target reached
reached first target +195 pip profit .Trade active
still continues a downtrend , as long as remain and stabilizing below ATH prices at 2,589$ , expected to decline to reach 2,551$ .
conversely , breaking by 4h candle above 2,589$ it suggest to gold prices rising to reach 2,600$ then to 2,620$ .
NOTE: today we have huge news , should be impact effect to the gold prices .
Trade active
reached +85 pip profit .
still continues a decline until trading below ATH at 2,589$ .
Trade active
Reached our target +300 pip profit .
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