XAUUSD BUY NOW ENJOY GUYS
Analysis Description for XAU/USD (Gold Spot vs. USD)
Current Market Structure:
The market is in an upward trend within a defined ascending channel. Price action respects the channel boundaries, indicating bullish momentum.
Key Levels:
Support Zones (Yellow Boxes):
Major support at 2,742.691: This level aligns with the lower boundary of the price range and acts as a potential reversal or bounce area.
Secondary support around 2,764.096: Close to a significant breakout level and serves as a confluence for bullish momentum
Resistance Zone (Target Area):
Price is targeting the zone around 2,788.522, which aligns with the channel's upper boundary and a probable profit-taking level for bulls.
Entry Point:
Price has broken above the intermediate support of 2,772.943, making this a key area for entry confirmation on pullbacks.
Stop Loss (SL):
Suggested at 2,764.096, just below the recent breakout zone, providing protection against downside risks.
Target Levels (TP):
Primary target: 2,788.522 (upper resistance zone).
Intermediate target: 2,772.115 for partial profits or validation of bullish momentum continuation.
Technical Indicators:
Ascending channel indicates a trend-following approach.
Price action respects support and resistance zones within the channel.
Summary:
The XAU/USD pair remains bullish within the ascending channel, with a target at 2,788.522. Use 2,764.096 as a stop loss to manage risk, and consider scaling out profits around 2,772.115 or higher. Watch for potential reactions near support levels for entry opportunities.
Current Market Structure:
The market is in an upward trend within a defined ascending channel. Price action respects the channel boundaries, indicating bullish momentum.
Key Levels:
Support Zones (Yellow Boxes):
Major support at 2,742.691: This level aligns with the lower boundary of the price range and acts as a potential reversal or bounce area.
Secondary support around 2,764.096: Close to a significant breakout level and serves as a confluence for bullish momentum
Resistance Zone (Target Area):
Price is targeting the zone around 2,788.522, which aligns with the channel's upper boundary and a probable profit-taking level for bulls.
Entry Point:
Price has broken above the intermediate support of 2,772.943, making this a key area for entry confirmation on pullbacks.
Stop Loss (SL):
Suggested at 2,764.096, just below the recent breakout zone, providing protection against downside risks.
Target Levels (TP):
Primary target: 2,788.522 (upper resistance zone).
Intermediate target: 2,772.115 for partial profits or validation of bullish momentum continuation.
Technical Indicators:
Ascending channel indicates a trend-following approach.
Price action respects support and resistance zones within the channel.
Summary:
The XAU/USD pair remains bullish within the ascending channel, with a target at 2,788.522. Use 2,764.096 as a stop loss to manage risk, and consider scaling out profits around 2,772.115 or higher. Watch for potential reactions near support levels for entry opportunities.
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XAUUSD RUNNING 100 PIPS LIKE GET MORE PIPS GUYS 
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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.