This analysis focuses on Gold (XAU/USD) on the 1H timeframe, identifying a strategic trade setup based on liquidity grabs, support-resistance zones, and price action confirmations.
Key Levels:
Resistance: 2,932 - 2,936 (marked in red) Support: 2,901 - 2,898 (marked in red) Mid-range levels: 2,920, 2,916, 2,908 (highlighted in yellow) Trade Plan:
A potential liquidity grab is seen around the 2,898-2,901 demand zone, where buyers could step in, triggering a bullish move. If price successfully retests this demand zone and shows bullish confirmation, an upward move towards the 2,920 - 2,932 zone is expected. The red supply zone at 2,932-2,936 is a key resistance level, where a potential rejection and bearish reversal could occur. A break above 2,936 with strong momentum may indicate further upside potential, while failure to hold this level could signal a short opportunity. Risk Management:
Stop-loss placed below 2,898 for buy setups and above 2,936 for potential shorts. Take-profit targets are set at 2,920, 2,932, and 2,936, aligning with resistance levels. This setup combines liquidity analysis, breakout potential, and price action confluence to optimize risk-reward. Let’s see how the market reacts! 📊🔥
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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.