Check My XAUUSD ( Gold ) Analysis.
Key Observations:
1. Strong Uptrend:
• The price has shown a clear bullish move, breaking previous highs, with BOS (Break of Structure) and CHoCH (Change of Character) labels confirming bullish momentum.
2. Forecast Zones:
• Long-Term Resistance of the Week / Weak High: This is where the price might reverse or experience strong selling pressure.
• 3342 Support Area: A key level identified where the price might bounce if it pulls back.
• Possible Selling Area: Marked below the support area, suggesting a bearish target if the price fails to hold the support.
3. Projected Move:
• A bearish forecast is outlined with a drop of approximately 93.573 points (-2.76%), targeting the lower area around 3282.49, suggesting a short trade setup from the current highs.
4. Price Action:
• The price is currently consolidating at a resistance zone after a sharp move up, which may indicate exhaustion and a potential reversal.
Overall Impression:
This chart reflects a possible short opportunity based on Smart Money liquidity concepts, with a sell setup forming around a strong resistance zone. If price fails to make a new high and shows bearish structure (e.g., BOS to the downside), a sell trade targeting the 3342 and 3282 zones would align with this analysis.
Key Observations:
1. Strong Uptrend:
• The price has shown a clear bullish move, breaking previous highs, with BOS (Break of Structure) and CHoCH (Change of Character) labels confirming bullish momentum.
2. Forecast Zones:
• Long-Term Resistance of the Week / Weak High: This is where the price might reverse or experience strong selling pressure.
• 3342 Support Area: A key level identified where the price might bounce if it pulls back.
• Possible Selling Area: Marked below the support area, suggesting a bearish target if the price fails to hold the support.
3. Projected Move:
• A bearish forecast is outlined with a drop of approximately 93.573 points (-2.76%), targeting the lower area around 3282.49, suggesting a short trade setup from the current highs.
4. Price Action:
• The price is currently consolidating at a resistance zone after a sharp move up, which may indicate exhaustion and a potential reversal.
Overall Impression:
This chart reflects a possible short opportunity based on Smart Money liquidity concepts, with a sell setup forming around a strong resistance zone. If price fails to make a new high and shows bearish structure (e.g., BOS to the downside), a sell trade targeting the 3342 and 3282 zones would align with this analysis.
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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.
✅️JOIN MY TELEGRAM CHANNEL
t.me/+5s29Zneddx5hOWM0
✅️ FREE FOREX SIGNALS
t.me/+5s29Zneddx5hOWM0
t.me/+5s29Zneddx5hOWM0
✅️ FREE FOREX SIGNALS
t.me/+5s29Zneddx5hOWM0
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.