Hello traders, The chart shows Gold in an upward channel, indicating a bullish trend: Key Resistance: $2,680–$2,692. Key Support: $2,623–$2,632. Expect a retracement to support ($2,632) before a possible rally toward resistance ($2,692). Long positions could target $2,680+ with a stop-loss below $2,624. Watch for breakouts beyond the channel for trend changes.
Hello Traders! GOLD Analysis: Gold is approaching a key resistance level, coinciding with the upper boundary of the short-term ascending channel. This resistance zone is expected to act as a strong barrier, potentially halting the bullish momentum. Key Expectations: 1. *Bearish Reversal*: High probability of a reversal at the resistance level. 2. *Decline*:...
Hello traders, This chart represents an analysis of gold (XAU/USD) on the 30-minute timeframe. It appears to indicate a potential buy setup after reaching support levels. Here's the idea based on this chart: 1. Support Zone: The price has tested the support zone near 2,596, showing a strong bounce. This indicates potential bullish momentum. 2. Trend...
Hello Dear Traders, Today my thoughts on gold gold ,after significant drop last week has shown reaction near the support and entered a corrective is expected phase this upward correction is expected to continue until the price reaches the specified resistance zone . based on the market structure ,it is anticipated that after completing the correction , the price...
Gold update: .simple correction may lead to strong upward move .correction types uncertain (pullback) .Upside direction favored Action: Hold existing long positions Buy on dips or corrections Reminders: .Market volatility .Adjust positions according to risk tolerance
Gold next week expected move technical analysis Chart update
Gold market update Gold is currently trading at a critical support level : 2590-2580 Key insights: .Gold maintaining support, poised for potential bounce .Resistance level : 2685 (retest expected) .Breakdown below support: next support at 2525 Stay tuned! Monitor gold's price action closely for potential trading opportunities
GOLD MARKET UPDATE Triangle formation gold is currently trading within a triangle pattern, indicating a critical juncture. two possible scenarios emerge: Scenario 1: bullish continuation . fails to break out upwards confirming triangle resistance . continues sell trend targeting : 2600-2580 KEY LEVELS: . Support : 2656-2647 . Resistance :...
Gold Market update price drop alert! gold has fallen from our previously identified level (2740) to (2652) confirming our earlier analysis . key levels for today ; support; 2652-2645 Resistance; 2705-2710 Trading out look ; with gold now trading near support keep on eye these levels for potential bounces or breaks possible scenarios; 1.Bounces from support;...
Traders Alert GOLD has broken its support zone after reaching the top of its ascending channel Now trading below support a pullback is expected before continuing its decline to the channels lower boundary Don't forget to like and share your thoughts in the comments
Trade Outlook:* After the pullback, gold is likely to continue its decline. We anticipate a drop to at least the channel's lower boundary. *Join the Discussion!* Share your thoughts and predictions in the comments!
*H4 Chart* - Continuous increase leads to low liquidity - Correction expected to $2,770-$2,756 - Requires sharp H4 candlestick drop with close below support *Trading Signals* *Buy Zone* - $2,656-$2,653 - Stop-loss (SL): $2,649 - Take-profit (TP): $2,659-$2,669 *Note* - Refer to the attached chart for better market visibility.
Gold (XAU/USD) touches fresh highs, retreats to $2,780 (+0.25% intraday) Key drivers: - Geopolitical tensions - US presidential election uncertainty - Traders await US macro releases for Fed's interest rate clues *Technical Overview* *M15 Chart* - Price holds above trend line and liquidity zone ($2,779) - Breakdown expected to retest $2,775-$2,770 *H4...