This XAU/USD (Gold Spot) 1-hour chart highlights crucial market zones, including a Supply Zone near 2,930, a Support Zone around 2,900, and a Demand Zone below 2,860. A prior breakout from resistance led to a bullish push into the supply zone, where price consolidation is evident.
Currently, gold is trading within a range between the Support Zone and Supply Zone. A potential breakout below the Support Zone could lead to a sharp decline toward the Demand Zone near 2,860. Conversely, if buyers defend this level, another upward attempt toward the Supply Zone is likely. Traders should monitor price action closely for confirmation signals.
(NOTE)
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Currently, gold is trading within a range between the Support Zone and Supply Zone. A potential breakout below the Support Zone could lead to a sharp decline toward the Demand Zone near 2,860. Conversely, if buyers defend this level, another upward attempt toward the Supply Zone is likely. Traders should monitor price action closely for confirmation signals.
(NOTE)
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Trade attivo
Nota
Active trade running 210 pips in profitTrade chiuso: obiettivo raggiunto
CONGRATULATIONS OUR Target reached successfully
NOTE
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
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Pubblicazioni correlate
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.