XAUUSD ANALYSIS FOR TODAY.
This is a 1-hour timeframe chart for Gold Spot (XAU/USD) showing price action, key zones, and a potential trade setup.
1D Major Resistance (Red Zone)
Located near 2717-2724.
This is a strong resistance level where the price faced rejection.
Supply Zone
Spanning from 2,670 - 2,676.
The chart identifies this as an area where sellers may re-enter the market.
Target:
Located near 2,606.638, marking a key potential target area for the downward move.
Trade Setup
First Move: Price could retrace upwards toward the Supply Zone around 2,670-2,676.
Rejection: If sellers defend this area, the price is expected to reverse downward.
Bearish Continuation: The target for this move is the support zone at 2,606.638.
This is a sell setup based on a supply zone rejection, aiming for the 2,606.638 support level, with a potential stop-loss above the Supply Zone near 2,690. This reflects a classic supply-and-demand price action strategy.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
1D Major Resistance (Red Zone)
Located near 2717-2724.
This is a strong resistance level where the price faced rejection.
Supply Zone
Spanning from 2,670 - 2,676.
The chart identifies this as an area where sellers may re-enter the market.
Target:
Located near 2,606.638, marking a key potential target area for the downward move.
Trade Setup
First Move: Price could retrace upwards toward the Supply Zone around 2,670-2,676.
Rejection: If sellers defend this area, the price is expected to reverse downward.
Bearish Continuation: The target for this move is the support zone at 2,606.638.
This is a sell setup based on a supply zone rejection, aiming for the 2,606.638 support level, with a potential stop-loss above the Supply Zone near 2,690. This reflects a classic supply-and-demand price action strategy.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Note
Get ready for entry in the zone for get some big profits..
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