XAUUSD ALL TIME HIGH $2464.66 #GOLD #LIVETRADING

🚨 XAUUSD (Spot Gold) ANALYSIS🔖 16-7-2024🚨

Sell at: $2444-$2452.61-$2473.83-$2493.18
Buy at :$2410.79-$2387.08-$2367.02-$2347

⚠️ Warning: Do not risk more than 5% of your capital. You might lose your money.


trading Strategy: Given the current market dynamics, we suggest the following:

🟢For Potential Rebound:
• Buy Entry Target Range: $2455(TP1)- $2465(TP2)-$2475(TP3)
🔴For Potential Downtrend:
• Sell Entry Target Range: $2400(TP1)- $2390(TP2)- $2380 (TP3)

🔴Technical Status: XAUUSD: 📌

D1 SMA100-P (2380.78) Buy 🔺
H4 SMA100-P (2458.57) Sell 🔻
H1 SMA100-P (2405.56) Buy 🔺
H4 SMA200-P (2388.52) Buy 🔺

RSI(14): Status: Overbought
STOCHRSI(14): Status: Over bought
ROC: Status: Over Bought
William%R: Status:OverBought
ATR(14): Status: Sell
SOC: Status: Sell