Gold (XAUUSD) Potential Rebound from Support - Buy Setup
Analysis:
Support Zone:
Price is currently testing the lower support trendline of the ascending channel (around 2,636 USD).
This level has acted as strong support previously, making it a potential rebound point.
Moving Averages (EMA 50 and EMA 200):
Price is below both the 50 EMA (orange) and the 200 EMA (green), suggesting a short-term bearish trend.
However, a bounce from support could push price back to test these levels as resistance.
RSI Indicator:
The 7-period RSI is at 29.52, indicating oversold conditions.
This suggests a possible reversal or price rebound in the near term.
Trade Setup:
Entry (Buy):
Enter near 2,636 - 2,640 USD if price shows a bullish reaction (e.g., bullish candle or reversal signal).
Take Profit Targets:
TP1: 2,665 USD (near 50 EMA).
TP2: 2,678 - 2,680 USD (near 200 EMA).
TP3: 2,733 USD (upper channel resistance).
Stop Loss:
Place a stop loss below the ascending channel support at 2,615 USD to limit risk.
📊 "Trade what you see, not what you think!"
Good luck, and manage your risk wisely! 🚀
XAUUSD
Support Zone:
Price is currently testing the lower support trendline of the ascending channel (around 2,636 USD).
This level has acted as strong support previously, making it a potential rebound point.
Moving Averages (EMA 50 and EMA 200):
Price is below both the 50 EMA (orange) and the 200 EMA (green), suggesting a short-term bearish trend.
However, a bounce from support could push price back to test these levels as resistance.
RSI Indicator:
The 7-period RSI is at 29.52, indicating oversold conditions.
This suggests a possible reversal or price rebound in the near term.
Trade Setup:
Entry (Buy):
Enter near 2,636 - 2,640 USD if price shows a bullish reaction (e.g., bullish candle or reversal signal).
Take Profit Targets:
TP1: 2,665 USD (near 50 EMA).
TP2: 2,678 - 2,680 USD (near 200 EMA).
TP3: 2,733 USD (upper channel resistance).
Stop Loss:
Place a stop loss below the ascending channel support at 2,615 USD to limit risk.
📊 "Trade what you see, not what you think!"
Good luck, and manage your risk wisely! 🚀
XAUUSD Dagangan aktif
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.