Short-term bearish correction, within a potential bullish setup
Here is a more detailed explanation of the chart analysis for XAU/USD (Gold Spot vs. U.S. Dollar) on the 30-minute timeframe:
📊 Chart Summary:
Instrument: XAU/USD (Gold Spot vs. U.S. Dollar)
Timeframe: 30-minute
Current Price: Around 3,359.945 USD
Trend: Short-term bearish correction, within a potential bullish setup
📌 Key Technical Levels:
1. Support Zone 🟩
Level: 3,342.605 USD
This is the zone where buyers are likely to step in. It's a previous demand area where price may reverse or consolidate before moving higher.
2. Resistance Level 🟥
Level: 3,391.323 USD
A key level to watch. If price breaks above this, it signals bullish strength and continuation.
3. Demand Zone 🟦
Level: 3,409.880 – 3,410.342 USD
Target area where strong buying activity previously occurred. Price may gravitate toward this if bullish momentum builds.
🔄 Price Projection Path (Expected Movement):
Price may test the support at 3,342.605, forming a potential reversal base.
A bullish move is expected toward the resistance at 3,391.323.
If broken, price could continue its upward trajectory toward the demand zone around 3,410.342.
🧠 Trading Implication:
Bullish Setup: Look for confirmation near the support zone for a long entry.
Breakout Traders: Watch for breakout above resistance for continuation trades.
Risk Management: Use tight stops below support; consider scaling out near resistance.
Let me know if you'd like a trading strategy or signals based on this analysis.
📊 Chart Summary:
Instrument: XAU/USD (Gold Spot vs. U.S. Dollar)
Timeframe: 30-minute
Current Price: Around 3,359.945 USD
Trend: Short-term bearish correction, within a potential bullish setup
📌 Key Technical Levels:
1. Support Zone 🟩
Level: 3,342.605 USD
This is the zone where buyers are likely to step in. It's a previous demand area where price may reverse or consolidate before moving higher.
2. Resistance Level 🟥
Level: 3,391.323 USD
A key level to watch. If price breaks above this, it signals bullish strength and continuation.
3. Demand Zone 🟦
Level: 3,409.880 – 3,410.342 USD
Target area where strong buying activity previously occurred. Price may gravitate toward this if bullish momentum builds.
🔄 Price Projection Path (Expected Movement):
Price may test the support at 3,342.605, forming a potential reversal base.
A bullish move is expected toward the resistance at 3,391.323.
If broken, price could continue its upward trajectory toward the demand zone around 3,410.342.
🧠 Trading Implication:
Bullish Setup: Look for confirmation near the support zone for a long entry.
Breakout Traders: Watch for breakout above resistance for continuation trades.
Risk Management: Use tight stops below support; consider scaling out near resistance.
Let me know if you'd like a trading strategy or signals based on this analysis.
Dagangan aktif
Hold on buyers running 40 pips Dagangan ditutup secara manual
I told you short term bearish then buy
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.
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.