(XAU/USD) 1-hour chart, 220pips done.wait for next move
The price followed an upward structure, as seen with the black arrows.
It hit the 2,921.126 resistance level, marking 220 pips profit from the entry.
2. Support & Resistance Levels
Support: Around 2,887.972 - 2,893.870, where buyers stepped in.
Resistance: 2,921.126 (first target), and 2,936.080 (potential next target).
3. Next Possible Move
If the price breaks 2,921.126, it could push toward 2,936.080 for further gains.
If rejected, a pullback could happen before another bullish attempt.
In short, the trade played out successfully, securing 220 pips, and now traders will watch for a continuation or retracement. Want me to draft a channel update for this win?
It hit the 2,921.126 resistance level, marking 220 pips profit from the entry.
2. Support & Resistance Levels
Support: Around 2,887.972 - 2,893.870, where buyers stepped in.
Resistance: 2,921.126 (first target), and 2,936.080 (potential next target).
3. Next Possible Move
If the price breaks 2,921.126, it could push toward 2,936.080 for further gains.
If rejected, a pullback could happen before another bullish attempt.
In short, the trade played out successfully, securing 220 pips, and now traders will watch for a continuation or retracement. Want me to draft a channel update for this win?
Publications connexes
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Publications connexes
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.