Support and Resistance Levels: You've correctly identified the support at 2760 and resistance at 2780. These levels act as critical decision points in your trading strategy, helping you anticipate potential price movements. Entry Point and Targets: Your entry at 2774 places you strategically between the support and resistance. If the price breaks down through...
I have analyzed the XAUUSD trading scenario and established some key levels that I believe will be crucial for today’s market movements. Support Level: I have set the primary support level at 2732. This level is significant because if the price breaks below it, we can anticipate a further decline towards the next support level at 2727. This drop could indicate a...
"I entered XAUUSD GOLD today at 2732. I have two targets: one resistance at 2742 and the second at 2748. My stop loss is set at 2725." Entry: 2732 Resistance 1: 2742 Target 2: 2748 Stop Loss: 2725
"I have set the following levels for XAU/USD gold: Resistance: 2747 Support: 2660 Target for this week: 2660 Stop Loss (SL): 2769 This is my weekly forecast, so please consider this for an overview." Key Points: Resistance Level: 2747, indicating a potential area where the price may struggle to rise above. Support Level: 2660, where the price might find buying...