Gold Technical Analysis.

kelmarin

The image shows a technical analysis chart for Gold (CFDs on Gold - XAU/USD) on a 2-hour timeframe from TVC, published by the XAUUSD_EXPERT_Team on TradingView.

Key Elements and Analysis:

1. Price Action:

The current price is 3,373.543, showing a decrease of 63.436 points (-1.85%).



2. Trade Setup:

Target Level: The chart indicates a target of 3,415 (marked by a gray box with "TARGET 3415").

Stop-Loss (SL) Level: The stop-loss is set at 3,333.554 (marked by a black horizontal line labeled "SL 3333").

Price Movement Prediction:

The green arrow indicates a bullish scenario, suggesting a rise toward the target level.

The red arrow indicates a bearish scenario, suggesting a drop to the stop-loss level.




3. Trend and Momentum:

The chart shows a recent uptrend, but the current retracement hints at a potential pullback or consolidation before the next move.

If the price holds above the SL level (3,333), it could continue its upward momentum.

A break below the SL level may indicate further downside.




Trading Implication:

Long Position: Consider entering if the price shows signs of support above 3,333 and moves upward, targeting 3,415.

Short Position: If the price breaks below 3,333, it may signal a bearish trend continuation.


Would you like a more detailed trading plan based on this chart?

kelmarin

Dagangan ditutup: sasaran tercapai

Gold Target Successfully Archived.