Gold Spot / U.S. DollarUpdated Gold Trading Secrets: Expert Analysis
AlexGoldHunter XAUUSD Technical Analysis and Strategies for Gold (XAU/USD)
Chart Analysis
Price Levels and Candlesticks:
Current Price: 2,633.24 USD
Open: 2,631.51 USD
High: 2,645.63 USD
Low: 2,613.61 USD
Close: 2,633.24 USD
Support and Resistance Levels:
Swing High: 2,656.84 USD
Swing Low: 2,609.53 USD
Previous Day High (pD High): 2,645.63 USD
Previous Day Low (pD Low): 2,613.61 USD
Key Support Level: 2,580.28 USD
Key Resistance Level: 2,733.41 USD
Moving Averages:
Red Line (50-day MA): Around 2,580.28 USD
Blue Line (200-day MA): Around 2,503.15 USD
Volume:
Notable increase in volume towards the end of the chart, suggesting higher trading interest.
Annotations:
BoS (Break of Structure): Indicates a significant price movement breaking a previous structure.
MSS (Market Structure Shift): Indicates a change in the market trend.
Equal Highs: Indicates a resistance level where the price has tested multiple times without breaking through.
Buy Strategy with Confirmations
Entry Point:
Look for a breakout above the Swing High at 2,656.84 USD with strong volume confirmation.
Alternatively, consider buying near the support level at 2,580.28 USD if the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer).
Confirmation:
Ensure the breakout is accompanied by higher-than-average volume.
Confirm with technical indicators such as RSI crossing above 50 or MACD showing a bullish crossover.
Stop Loss:
Place a stop loss below the recent swing low at 2,609.53 USD for a breakout trade.
For a support level trade, place a stop loss below the key support at 2,580.28 USD.
Take Profit:
Set initial take profit at the next resistance level around 2,733.41 USD.
Consider trailing the stop loss to lock in profits as the price moves in your favor.
Sell Strategy with Confirmations
Entry Point:
Look for a breakdown below the support level at 2,580.28 USD with strong volume confirmation.
Alternatively, consider selling near the resistance level at 2,733.41 USD if the price shows a bearish reversal pattern (e.g., bearish engulfing, shooting star).
Confirmation:
Ensure the breakdown is accompanied by higher-than-average volume.
Confirm with technical indicators such as RSI crossing below 50 or MACD showing a bearish crossover.
Stop Loss:
Place a stop loss above the recent swing high at 2,656.84 USD for a breakdown trade.
For a resistance level trade, place a stop loss above the key resistance at 2,733.41 USD.
Take Profit:
Set initial take profit at the next support level around 2,503.15 USD.
Consider trailing the stop loss to lock in profits as the price moves in your favor.
This analysis provides a comprehensive view of the chart and outlines potential buy and sell strategies with confirmations. If you need further assistance or have any other requests, just let me know! 😊
XAUUSD Technical Analysis and Strategies for Gold (XAU/USD)Chart Analysis
Price Levels and Candlesticks:
Current Price: 2,633.24 USD
Open: 2,631.51 USD
High: 2,645.63 USD
Low: 2,613.61 USD
Close: 2,633.24 USD
Support and Resistance Levels:
Swing High: 2,656.84 USD
Swing Low: 2,609.53 USD
Previous Day High (pD High): 2,645.63 USD
Previous Day Low (pD Low): 2,613.61 USD
Key Support Level: 2,580.28 USD
Key Resistance Level: 2,733.41 USD
Moving Averages:
Red Line (50-day MA): Around 2,580.28 USD
Blue Line (200-day MA): Around 2,503.15 USD
Volume:
Notable increase in volume towards the end of the chart, suggesting higher trading interest.
Annotations:
BoS (Break of Structure): Indicates a significant price movement breaking a previous structure.
MSS (Market Structure Shift): Indicates a change in the market trend.
Equal Highs: Indicates a resistance level where the price has tested multiple times without breaking through.
Buy Strategy with Confirmations
Entry Point:
Look for a breakout above the Swing High at 2,656.84 USD with strong volume confirmation.
Alternatively, consider buying near the support level at 2,580.28 USD if the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer).
Confirmation:
Ensure the breakout is accompanied by higher-than-average volume.
Confirm with technical indicators such as RSI crossing above 50 or MACD showing a bullish crossover.
Stop Loss:
Place a stop loss below the recent swing low at 2,609.53 USD for a breakout trade.
For a support level trade, place a stop loss below the key support at 2,580.28 USD.
Take Profit:
Set initial take profit at the next resistance level around 2,733.41 USD.
Consider trailing the stop loss to lock in profits as the price moves in your favor.
Sell Strategy with Confirmations
Entry Point:
Look for a breakdown below the support level at 2,580.28 USD with strong volume confirmation.
Alternatively, consider selling near the resistance level at 2,733.41 USD if the price shows a bearish reversal pattern (e.g., bearish engulfing, shooting star).
Confirmation:
Ensure the breakdown is accompanied by higher-than-average volume.
Confirm with technical indicators such as RSI crossing below 50 or MACD showing a bearish crossover.
Stop Loss:
Place a stop loss above the recent swing high at 2,656.84 USD for a breakdown trade.
For a resistance level trade, place a stop loss above the key resistance at 2,733.41 USD.
Take Profit:
Set initial take profit at the next support level around 2,503.15 USD.
Consider trailing the stop loss to lock in profits as the price moves in your favor.
This analysis provides a comprehensive view of the chart and outlines potential buy and sell strategies with confirmations. If you need further assistance or have any other requests, just let me know! 😊
Trade active
BUY NOWNote
VIP Trading Signal for XAU/USD
Entry: $2,665.00 TP: $2,670.00 SL: $2,652.451
Entry: $2,652.451 TP: $2,648.374 SL: $2,665.00
Trade wisely! 📈📉
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Trade closed: target reached
TP: $2,670.00
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Alex Gold Hunter
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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.
Alex Gold Hunter
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
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.