Hello Traders
Here's my XAUUSD idea, what you think on GOLD? share your opinion on it in comment section we need your support then please support us and let's grow together
Current Price and Trend:
* The current price of XAUUSD is shown as 3,389, which is down
* The chart clearly indicates an uptrend in recent days/weeks, characterized by higher highs and higher lows. A significant upward movement is visible from mid-July onwards.
Key Levels and Patterns:
* Support Area: There's a clearly marked "Support area" around the 3,340-3,350 range. This area held as support multiple times before the recent breakout. The purple trendline also acts as dynamic support, reinforcing the uptrend.
* Target Areas: Two "Target Area" zones are identified above the current price:
* The first target area is around 3,410 - 3,420.
* The second, higher target area, is around 3,440 - 3,449.727.
* Resistance/Breakout: The price has recently broken above a previous resistance level (which is now likely acting as immediate support) around the 3,370-3,380 range, indicating strong bullish momentum.
Indicators (Visible):
* While the specific indicators aren't fully visible, the green and red lines likely represent some form of trend-following or volatility indicator, possibly an Cloud or a similar system, with the price currently above the "green" cloud/area, confirming the bullish bias.
Outlook and Potential Scenarios:
* Bullish Continuation: The most probable scenario, given the current strong uptrend and breakout, is a continuation towards the identified target areas of 3,410-3,420 and potentially 3,440-3,449.
* Retest of Support: It's possible for the price to retrace slightly to retest the broken resistance (now support) around 3,370-3,380 before continuing its upward move. As long as this level holds, the bullish outlook remains intact.
Follow mw for more updates on gold and don't forget to follow boost and comment thank you
Here's my XAUUSD idea, what you think on GOLD? share your opinion on it in comment section we need your support then please support us and let's grow together
Current Price and Trend:
* The current price of XAUUSD is shown as 3,389, which is down
* The chart clearly indicates an uptrend in recent days/weeks, characterized by higher highs and higher lows. A significant upward movement is visible from mid-July onwards.
Key Levels and Patterns:
* Support Area: There's a clearly marked "Support area" around the 3,340-3,350 range. This area held as support multiple times before the recent breakout. The purple trendline also acts as dynamic support, reinforcing the uptrend.
* Target Areas: Two "Target Area" zones are identified above the current price:
* The first target area is around 3,410 - 3,420.
* The second, higher target area, is around 3,440 - 3,449.727.
* Resistance/Breakout: The price has recently broken above a previous resistance level (which is now likely acting as immediate support) around the 3,370-3,380 range, indicating strong bullish momentum.
Indicators (Visible):
* While the specific indicators aren't fully visible, the green and red lines likely represent some form of trend-following or volatility indicator, possibly an Cloud or a similar system, with the price currently above the "green" cloud/area, confirming the bullish bias.
Outlook and Potential Scenarios:
* Bullish Continuation: The most probable scenario, given the current strong uptrend and breakout, is a continuation towards the identified target areas of 3,410-3,420 and potentially 3,440-3,449.
* Retest of Support: It's possible for the price to retrace slightly to retest the broken resistance (now support) around 3,370-3,380 before continuing its upward move. As long as this level holds, the bullish outlook remains intact.
Follow mw for more updates on gold and don't forget to follow boost and comment thank you
Trade closed: target reached
Congratulations Those who Followed my Signals (XAU/USD) Target First Done Trade From $3389 to $3438 hit 450+ pips profit close
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me On Telegram
t.me/+ljZOrmYoIKg2NTY0
Gold Trading Signals 🚀 99%
t.me/+jn3XFiRWJII3ZDA0
Join My Recommended Broker, Link
👇
World Best Broker Exness ✅
one.exnesstrack.org/a/4xctfcub9x
t.me/+ljZOrmYoIKg2NTY0
Gold Trading Signals 🚀 99%
t.me/+jn3XFiRWJII3ZDA0
Join My Recommended Broker, Link
👇
World Best Broker Exness ✅
one.exnesstrack.org/a/4xctfcub9x
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.