xauusd 1hr chart analysis

13 janv.

Technical Analysis

Key Levels
Support:

Primary Support: $2,675- 2680, a crucial level that has consistently held over the past weeks.

Secondary Support: A breakdown below $2,675 could lead to further declines toward $2,669 and $2,663


Resistance:

Primary Resistance: $2,693–$2,700, a zone gold must clear to confirm bullish momentum.

Extended Target: A sustained move above $2,703 could push gold toward $2,713 or higher, with the long-term target near $2,723



Price Action:

Gold has been consolidating around $2,650, indicating indecision in the market. Traders are awaiting a catalyst for a breakout in either direction


Indicators:

RSI: Neutral, indicating no overbought or oversold conditions.

Moving Averages: Gold is trading near its 50-day moving average, reflecting a balance between buyers and sellers.

Elliott Wave Analysis: Suggests the current correction phase might end soon, potentially paving the way for an upward movement

13 janv.

Transaction en cours

still market is trying to find proper momentum

13 janv.

Trade fermée: cible de profit atteinte

xauusd will touch 2685 in next 30 minutes candle and bounce back to 2691

13 janv.

Note

reached our support level of 2680

13 janv.

Note

yes bouncing from 2680

13 janv.

Note

touched our bearish target of 2663