XAUUSD Next Moves

26 Oca

Observations suggest that Gold is trending upward within a parallel channel, with trend lines serving as key resistance and support levels, on the 4-hour time frame.

Recently, Gold has experienced a reversal from the resistance line and is expected to test the support line shortly.

Upon finding support, we anticipate Gold will propel higher and reach new highs around 28**. In the near term, a sell opportunity may arise up to 2750.

Key buying areas to watch are:

1. 2745-2750
2. 2730-2733

These levels may provide a strong foundation for a potential upward move.

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27 Oca

İşlem kapandı: hedefe ulaştı

Both targets were hit! Gold dropped to 2747, reaching our sell target of 2750. It then bounced back from the 2745-2750 buying area, gaining momentum to move higher.