Gold (XAUUSD)* shows a clear market structure with notable support and resistance levels.
- *Resistance Zone*: The price is currently near a *resistance level*, as indicated by the horizontal line at around *3,040*. The price has previously tested and rejected this level multiple times, suggesting that sellers are active at this price point.
- *Support Zone*: The chart highlights a *support zone* around *2,980*, marked by a blue area. This support is reinforced by a strong upward trend in the past, suggesting that this is a critical level for potential long trades. The price seems to be bouncing back from this support level, indicating that buying pressure may increase here.
- *Price Action*: The price seems to be moving in a sideways range between the support and resistance levels. The *blue arrows* indicate a possible move upward, suggesting a potential breakout if the price manages to sustain its position above support.
- *Trend Indicator*: The chart includes the *200 EMA* (Exponential Moving Average), which is sloping upward, confirming that the overall trend is bullish. This adds more confidence to the possibility of further price appreciation if the support level holds.
*Strategy*: Look for buying opportunities near *2,980* with the possibility of targeting *3,040* (the resistance level). If the price breaks the resistance, it may head toward higher targets, potentially testing the next significant resistance levels above *3,050*.
*Key Levels*:
- *Support*: 2,980
- *Resistance*: 3,040
- *Resistance Zone*: The price is currently near a *resistance level*, as indicated by the horizontal line at around *3,040*. The price has previously tested and rejected this level multiple times, suggesting that sellers are active at this price point.
- *Support Zone*: The chart highlights a *support zone* around *2,980*, marked by a blue area. This support is reinforced by a strong upward trend in the past, suggesting that this is a critical level for potential long trades. The price seems to be bouncing back from this support level, indicating that buying pressure may increase here.
- *Price Action*: The price seems to be moving in a sideways range between the support and resistance levels. The *blue arrows* indicate a possible move upward, suggesting a potential breakout if the price manages to sustain its position above support.
- *Trend Indicator*: The chart includes the *200 EMA* (Exponential Moving Average), which is sloping upward, confirming that the overall trend is bullish. This adds more confidence to the possibility of further price appreciation if the support level holds.
*Strategy*: Look for buying opportunities near *2,980* with the possibility of targeting *3,040* (the resistance level). If the price breaks the resistance, it may head toward higher targets, potentially testing the next significant resistance levels above *3,050*.
*Key Levels*:
- *Support*: 2,980
- *Resistance*: 3,040
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Penafian
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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.