Gold Spot / U.S. DollarUpdated XAU/USD : Important Zones for BUY and SELL ! (READ THE CAPTION)
By analyzing the 30-minute gold chart, we can see that gold continued its bullish momentum yesterday, reaching a new all-time high at $2,942, as expected from our previous analysis. It was still too early to anticipate a correction, and the strong momentum pushed the price higher.
Currently, gold is trading around $2,900, and I expect the price to dip below $2,896 soon to collect liquidity before we assess its reaction to this level.
Additionally, there is an FVG between $2,929 and $2,934, which I expect to be filled soon as price moves higher. Keep a close watch on how gold reacts at this level for potential SELL setups.
The key BUY zones to consider are $2,875, $2,866, and $2,856.
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Currently, gold is trading around $2,900, and I expect the price to dip below $2,896 soon to collect liquidity before we assess its reaction to this level.
Additionally, there is an FVG between $2,929 and $2,934, which I expect to be filled soon as price moves higher. Keep a close watch on how gold reacts at this level for potential SELL setups.
The key BUY zones to consider are $2,875, $2,866, and $2,856.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade active
By analyzing the gold chart on the 30-minute timeframe, we can see that the price moved exactly as expected, dipping below $2896 to collect liquidity. So far, it has even dropped to $2876!
Now, we need to watch price reactions at $2875, $2866, and $2856. After an initial pullback, we will likely see renewed demand for gold. Keep an eye on how the price responds to these key levels!
📉📈 This analysis will be updated soon! 🚀
Trade closed: target reached
By analyzing the 30-minute gold chart, we can see that, as expected, gold first moved lower for further correction, collecting liquidity at all three key levels before gaining bullish strength. Eventually, gold rebounded from $2,864 and surged, reaching $2,923 today.
I still expect further upside momentum, and we should wait for a strong BUY trigger for the next entry. Currently, gold is trading around $2,919, and if it breaks this psychological level, we could see further growth toward $2,923 and $2,929.
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Related publications
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.