XAU/USD (Gold Spot price / the US Dollar) on a 1H timeframe.
This is a technical analysis chart of XAU/USD (Gold Spot price against the US Dollar) on a 1-hour timeframe. The chart includes supply and demand zones, trend lines, and potential future price movement projections.
Key Elements in the Chart:
1. Supply Zone (Red Rectangle at the Top)
A price area where selling pressure is expected to be strong.
The price is currently testing this region around 2,938.45, suggesting a possible reversal or consolidation.
2. Demand Zone (Green Rectangle at the Bottom)
A price area where buying pressure is expected to be strong.
The demand zone is around 2,883.92, indicating a possible price bounce if the market reaches this level.
3. Price Movement Projections (White Zigzag Lines)
Two potential scenarios are outlined:
Bearish Rejection: If price fails to break the supply zone, it may drop towards the demand zone.
Breakout and Retest: If price breaks the supply zone, it may continue upwards, followed by a retest before further movement.
4. Trend Lines and Market Structure:
The red diagonal trend lines indicate recent bullish and bearish swings.
The white parallel lines suggest a potential channel for price movement.
6. Stop-Loss and Target Levels:
A stop-loss area is marked above the supply zone (~2,950.55).
The potential target for the bearish scenario is around the demand zone (~2,883.92).
This chart suggests that Gold is at a key resistance (supply zone). If sellers take control, a drop towards the demand zone is likely. However, a strong breakout could lead to further upside. The structure highlights key levels for traders to watch.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Key Elements in the Chart:
1. Supply Zone (Red Rectangle at the Top)
A price area where selling pressure is expected to be strong.
The price is currently testing this region around 2,938.45, suggesting a possible reversal or consolidation.
2. Demand Zone (Green Rectangle at the Bottom)
A price area where buying pressure is expected to be strong.
The demand zone is around 2,883.92, indicating a possible price bounce if the market reaches this level.
3. Price Movement Projections (White Zigzag Lines)
Two potential scenarios are outlined:
Bearish Rejection: If price fails to break the supply zone, it may drop towards the demand zone.
Breakout and Retest: If price breaks the supply zone, it may continue upwards, followed by a retest before further movement.
4. Trend Lines and Market Structure:
The red diagonal trend lines indicate recent bullish and bearish swings.
The white parallel lines suggest a potential channel for price movement.
6. Stop-Loss and Target Levels:
A stop-loss area is marked above the supply zone (~2,950.55).
The potential target for the bearish scenario is around the demand zone (~2,883.92).
This chart suggests that Gold is at a key resistance (supply zone). If sellers take control, a drop towards the demand zone is likely. However, a strong breakout could lead to further upside. The structure highlights key levels for traders to watch.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Dagangan aktif
trade was actived and also 1:1 RR done now price consolidate in entry zone. re-entry valid.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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.