Hi traders!, Analyzing XAU/USD on the 1H timeframe, spotting a potential long entry:
🔹 Entry: 3,027.23
🔹 TP: 3,064.31
🔹 SL: 2,990.15
Gold is testing a key support level near 3,027, coinciding with the 200 EMA. If buyers step in, we could see a bounce toward 3,064. RSI is approaching oversold levels, suggesting a possible reversal.
⚠️ DISCLAIMER: This is not financial advice. Every trader makes their own decision.
🔹 Entry: 3,027.23
🔹 TP: 3,064.31
🔹 SL: 2,990.15
Gold is testing a key support level near 3,027, coinciding with the 200 EMA. If buyers step in, we could see a bounce toward 3,064. RSI is approaching oversold levels, suggesting a possible reversal.
⚠️ DISCLAIMER: This is not financial advice. Every trader makes their own decision.
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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.
🔥Eleva your trading game with some of the most powerful tools available today: tinyurl.com/3y3cjdx4
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.