XAUUSD ANAYLSIS ( MUST READ CAPTION )
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check out my xauusd anaylsis, must share your ideas in the comment section about it
Key Observations:
Current Price: The current price of XAUUSD is around 2,614.00. BUY Target 2645/2665
Support Levels:
Stronger Support Zone (2,600 - 2,602.5): This zone has shown to be a significant area where buying interest has historically emerged, preventing further price declines. If the price falls to this level, there's a higher probability of a bounce or reversal.
Weaker Support Zone (2,610 - 2,612): This is a more immediate support area. If the price breaks below the current level, this zone might provide some temporary support. However, it's considered weaker than the lower zone.
Resistance Levels:
Immediate Resistance Zone (2,620 - 2,622.5): This is the most immediate resistance the price faces. A break above this zone could signal further upward movement.
Stronger Resistance Zone (2,630 - 2,632.5): This is a key resistance area. If the price manages to break and hold above this zone, it could indicate a more significant bullish trend.
Potential Scenarios:
Bullish Scenario: If the price breaks above the immediate resistance zone (2,620 - 2,622.5) and holds, it could target the stronger resistance zone (2,630 - 2,632.5). A successful break above the stronger resistance could lead to further upside.
Bearish Scenario: If the price breaks below the weaker support zone (2,610 - 2,612), it could fall towards the stronger support zone (2,600 - 2,602.5). A break below this stronger support could trigger a more significant downward move.
Must share your ideas about xauusd in comment section and boost our chart and like share with your friends
check out my xauusd anaylsis, must share your ideas in the comment section about it
Key Observations:
Current Price: The current price of XAUUSD is around 2,614.00. BUY Target 2645/2665
Support Levels:
Stronger Support Zone (2,600 - 2,602.5): This zone has shown to be a significant area where buying interest has historically emerged, preventing further price declines. If the price falls to this level, there's a higher probability of a bounce or reversal.
Weaker Support Zone (2,610 - 2,612): This is a more immediate support area. If the price breaks below the current level, this zone might provide some temporary support. However, it's considered weaker than the lower zone.
Resistance Levels:
Immediate Resistance Zone (2,620 - 2,622.5): This is the most immediate resistance the price faces. A break above this zone could signal further upward movement.
Stronger Resistance Zone (2,630 - 2,632.5): This is a key resistance area. If the price manages to break and hold above this zone, it could indicate a more significant bullish trend.
Potential Scenarios:
Bullish Scenario: If the price breaks above the immediate resistance zone (2,620 - 2,622.5) and holds, it could target the stronger resistance zone (2,630 - 2,632.5). A successful break above the stronger resistance could lead to further upside.
Bearish Scenario: If the price breaks below the weaker support zone (2,610 - 2,612), it could fall towards the stronger support zone (2,600 - 2,602.5). A break below this stronger support could trigger a more significant downward move.
Must share your ideas about xauusd in comment section and boost our chart and like share with your friends
Trade closed: target reached
Hello gold break resistance of 2620 and move till 2629 but did not break strong resistance of 2630/32 we done what we show in chart, now close those and wait for new ideas, still has chance of buy if gold break our resistance level of 2630/32
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