Oro / DollaroShort
XAUUSD TECHNICALLY OVERVIEW.
Aggiornato
This chart displays the Gold Spot/USD (XAUUSD) price action on a 1-hour timeframe. Key elements are as follows
Supply Zone: Highlighted at the top in red, around the 2,684 level, indicating a strong area of selling pressure where price is expected to reverse or face resistance.
Supply Becomes Demand: A transitional zone marked in green, around 2,650. This represents a previous resistance area that has turned into a support level after a breakout, aligning with the concept of supply switching to demand.
Projected Movement: A bearish trajectory is outlined with sharp declines expected after an initial move upward towards the supply zone. The price is forecasted to break below key levels, possibly targeting the 2,616 zone (red support).
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.
Supply Zone: Highlighted at the top in red, around the 2,684 level, indicating a strong area of selling pressure where price is expected to reverse or face resistance.
Supply Becomes Demand: A transitional zone marked in green, around 2,650. This represents a previous resistance area that has turned into a support level after a breakout, aligning with the concept of supply switching to demand.
Projected Movement: A bearish trajectory is outlined with sharp declines expected after an initial move upward towards the supply zone. The price is forecasted to break below key levels, possibly targeting the 2,616 zone (red support).
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.
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