Gold will move 1000 Pips Up and Down
Weekly Market Analysis: XAUUSD (Daily Chart)
This week's analysis of the XAUUSD pair on the daily chart reveals several key insights. Notably, a parallel channel has formed started from August, housing strong Resistance and Support zones. Historical price action indicates a consistent respect for Resistance Zone 4 and Support Zone 3, with multiple instances of trend reversals occurring at these levels.
Last Week, the price reversed bullish upon touching the support zone between 2600-2605. However, after reaching the resistance zone between 2753-2757, the trend reversed bearish once again today. Currently, the price action demonstrates respect for the support zone ranging from 2680-2685.
Trading Strategy:
Based on these observations, a strategic entry point for sellers would be upon retest of the 2680 level, with a long-term hold. Conversely, buyers may seek opportunities from 2680-2685, targeting a potential rally towards 2780.
This week's analysis of the XAUUSD pair on the daily chart reveals several key insights. Notably, a parallel channel has formed started from August, housing strong Resistance and Support zones. Historical price action indicates a consistent respect for Resistance Zone 4 and Support Zone 3, with multiple instances of trend reversals occurring at these levels.
Last Week, the price reversed bullish upon touching the support zone between 2600-2605. However, after reaching the resistance zone between 2753-2757, the trend reversed bearish once again today. Currently, the price action demonstrates respect for the support zone ranging from 2680-2685.
Trading Strategy:
Based on these observations, a strategic entry point for sellers would be upon retest of the 2680 level, with a long-term hold. Conversely, buyers may seek opportunities from 2680-2685, targeting a potential rally towards 2780.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.