XAUUSD Next Moves
Observations suggest that Gold is trending upward within a parallel channel, with trend lines serving as key resistance and support levels, on the 4-hour time frame.
Recently, Gold has experienced a reversal from the resistance line and is expected to test the support line shortly.
Upon finding support, we anticipate Gold will propel higher and reach new highs around 28**. In the near term, a sell opportunity may arise up to 2750.
Key buying areas to watch are:
1. 2745-2750
2. 2730-2733
These levels may provide a strong foundation for a potential upward move.
Support me if you Like my idea.
Recently, Gold has experienced a reversal from the resistance line and is expected to test the support line shortly.
Upon finding support, we anticipate Gold will propel higher and reach new highs around 28**. In the near term, a sell opportunity may arise up to 2750.
Key buying areas to watch are:
1. 2745-2750
2. 2730-2733
These levels may provide a strong foundation for a potential upward move.
Support me if you Like my idea.
Trade chiuso: obiettivo raggiunto
Both targets were hit! Gold dropped to 2747, reaching our sell target of 2750. It then bounced back from the 2745-2750 buying area, gaining momentum to move higher.
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Join Our Telegram Channel For Getting Signals and Analysis👇👇
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.