The chart is a 1-hour timeframe for Gold (CFDs on Gold - US$/OZ)
Technical Analysis:
Trend: The price has been in a downtrend, making lower highs and lower lows.
Support & Resistance:
Strong support is observed at around 2,833.768 (marked by the lowest horizontal blue line).
Resistance levels:
First Take Profit (TP1): ~2,862.683
Second Take Profit (TP2): ~2,884.752
Final Target (TP3): ~2,915.624
Bollinger Bands:
The price recently touched the lower Bollinger Band, indicating an oversold condition and a potential reversal.
If the price moves back inside the bands, it suggests a possible bullish recovery.
Trade Setup:
Entry Point: The trader is considering entering around the support level (2,833.768).
Stop Loss: Below the support area (red zone).
Take Profit Targets: At 2,862.683, 2,884.752, and 2,915.624.
Market Sentiment:
If the price holds above support, there is a potential for a bullish reversal.
A break below support could invalidate the setup and continue the bearish trend.
Conclusion:
Bullish Scenario: A rebound from support with targets at 2,862.683, 2,884.752, and 2,915.624.
Bearish Scenario: A breakdown below 2,833.768 could trigger more downside movement.
Trend: The price has been in a downtrend, making lower highs and lower lows.
Support & Resistance:
Strong support is observed at around 2,833.768 (marked by the lowest horizontal blue line).
Resistance levels:
First Take Profit (TP1): ~2,862.683
Second Take Profit (TP2): ~2,884.752
Final Target (TP3): ~2,915.624
Bollinger Bands:
The price recently touched the lower Bollinger Band, indicating an oversold condition and a potential reversal.
If the price moves back inside the bands, it suggests a possible bullish recovery.
Trade Setup:
Entry Point: The trader is considering entering around the support level (2,833.768).
Stop Loss: Below the support area (red zone).
Take Profit Targets: At 2,862.683, 2,884.752, and 2,915.624.
Market Sentiment:
If the price holds above support, there is a potential for a bullish reversal.
A break below support could invalidate the setup and continue the bearish trend.
Conclusion:
Bullish Scenario: A rebound from support with targets at 2,862.683, 2,884.752, and 2,915.624.
Bearish Scenario: A breakdown below 2,833.768 could trigger more downside movement.
Dagangan aktif
trade active from 2852 keep hold in buy positionNota
successful running 50 pips profit done close half profit & breakeven now
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.