Gold/USD Next possible move
According to my analysis Gold H1 time frame.
Resistance: At 2,664.928 (R1) and 2,726.205 (R2), potential areas where price may face selling pressure.
Support: At 2,618.016 (S1) and 2,585.978 (S2), zones where buyers might step in.
Stop Loss: Positioned around 2,640.880 to manage risk for short trades.
Target: Aiming for 2,618.016 as a potential profit level.
Note; Always remember this analysis is for educational purpose not trading advice, trade at your own risk and more thing support me here.
Resistance: At 2,664.928 (R1) and 2,726.205 (R2), potential areas where price may face selling pressure.
Support: At 2,618.016 (S1) and 2,585.978 (S2), zones where buyers might step in.
Stop Loss: Positioned around 2,640.880 to manage risk for short trades.
Target: Aiming for 2,618.016 as a potential profit level.
Note; Always remember this analysis is for educational purpose not trading advice, trade at your own risk and more thing support me here.
Trade closed: stop reached
Before it hit the stop loss area it gave us 60+ pips profit..
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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.