Gold/USD Next possible move
Updated
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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