Gold XAUUSD Possible Move 13.02.2025

13 févr.

Market Analysis (XAU/USD)
Trend: The market appears to be in an overall uptrend with a recent pullback.

Support & Resistance:
Resistance Level: Around 2,940 (marked with a red horizontal line).
Support Levels: Key levels at 2,864 and 2,900 (marked in blue and pink).

Indicators:
Moving Averages & Bollinger Bands: The price is trading near the upper Bollinger Band, suggesting possible continuation or a short-term pullback.
Higher Lows Formation: The price is making a series of higher lows, which indicates bullish momentum.

Price Action:
A strong bullish move has been seen after bouncing from support at 2,864.
The price is currently consolidating near 2,917, which is a minor resistance zone.

Trade Signal:
Entry: Buy above 2,909.
Target: 2,930 - 2,940.
Stop Loss: Below 2,900.
Risk/Reward Ratio: Favorable bullish setup.
Signal: Buy (Bullish Setup)
Reason: Higher lows, price above moving averages, strong rejection from key support.
Confirmation: If the price breaks above 2,920, it could trigger further bullish momentum toward 2,940.

Please do follow, comment and like.

13 févr.

Note

This is how it works. 110+ pips almost.

14 févr.

Trade fermée: cible de profit atteinte

This trade has been reached to its target comfortably. 210+ pips secured with minimum drawn down. Enjoy.