XAUUSD TECHNICAL ANALYSIS LONG TRADE IDEA CHECK CAPTAIN
This chart suggests a potential bullish reversal setup for gold (XAU/USD) on the 1-hour timeframe.
Key Observations:
1. Support Zone (Around 2,885 - 2,908):
The price recently dropped but found support around 2,885.926, suggesting possible buyer interest.
A horizontal support line indicates this level has been tested.
2. Potential Reversal & Upside Target:
A V-shaped recovery is anticipated, shown by the sharp upward arrow.
The price could first retest support before a strong bullish push toward 2,960.000, aligning with the previous trendline.
3. Red Resistance Zone (Above 2,920):
Previous price action faced resistance here, making it a key area to watch for confirmation of the bullish move.
Possible Trade Idea:
Entry: Around 2,885 - 2,908 if price confirms support.
Target: 2,960 (or adjust based on structure).
Stop Loss: Below 2,885 to limit downside risk.
Key Observations:
1. Support Zone (Around 2,885 - 2,908):
The price recently dropped but found support around 2,885.926, suggesting possible buyer interest.
A horizontal support line indicates this level has been tested.
2. Potential Reversal & Upside Target:
A V-shaped recovery is anticipated, shown by the sharp upward arrow.
The price could first retest support before a strong bullish push toward 2,960.000, aligning with the previous trendline.
3. Red Resistance Zone (Above 2,920):
Previous price action faced resistance here, making it a key area to watch for confirmation of the bullish move.
Possible Trade Idea:
Entry: Around 2,885 - 2,908 if price confirms support.
Target: 2,960 (or adjust based on structure).
Stop Loss: Below 2,885 to limit downside risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.