RESISTANCE @ 2133
SLO2 @ 2070
SLO1 @ 2033
TP1 @ 1960
TP2 @ 1910
TP3 @ 1860
BLO @ 1825
The technical analysis of XAUUSD on the 16-hour chart is mixed. Moving averages are mostly selling, while oscillators are also neutral with a selling bias. The price has been consolidating within a narrow range, suggesting indecision in the market. The key support and resistance levels are $1,960 and $2,033, respectively.
Trading Ideas:
Long: If the price breaks above $1,994, it could signal further upside potential. Traders could look for a long entry opportunity with a stop loss below $1,975.
Short: If the price breaks below $1,955, it could signal a bearish trend. Traders could look for a short entry opportunity with a stop loss above $1,975.
SLO2 @ 2070
SLO1 @ 2033
TP1 @ 1960
TP2 @ 1910
TP3 @ 1860
BLO @ 1825
The technical analysis of XAUUSD on the 16-hour chart is mixed. Moving averages are mostly selling, while oscillators are also neutral with a selling bias. The price has been consolidating within a narrow range, suggesting indecision in the market. The key support and resistance levels are $1,960 and $2,033, respectively.
Trading Ideas:
Long: If the price breaks above $1,994, it could signal further upside potential. Traders could look for a long entry opportunity with a stop loss below $1,975.
Short: If the price breaks below $1,955, it could signal a bearish trend. Traders could look for a short entry opportunity with a stop loss above $1,975.
Professor C. E. Ward
