"Gold Price Setup: Key Levels to Watch for the Next Move!"

9 Mar

Gold (XAU/USD) 4H Technical Analysis

- Price Action: Gold is trading at $2,909, consolidating below the identified selling area ($2,920 - $2,930) after a break of structure (BOS) and rejection from previous highs.
- Trend Analysis: The previous upward trendline was broken, signaling a potential bearish shift.
- Key Levels:

- Selling Area: $2,920 - $2,930 (strong resistance)
- Key Decision Zone: $2,881 (support-turned-resistance)
- Targets: $2,859 (1st target) and $2,838 (2nd target)
- Outlook: If price fails to break above the key decision area, further downside toward $2,859 and $2,838 is likely. However, a strong break above $2,920 could invalidate the bearish setup.

📉 Bearish bias unless price reclaims key resistance levels.

If you enjoy, press the like button.

10 Mar

Not

sell gold 2913, SL 2918, TP 2900.

10 Mar

Not

Target achieved , from 2913 to 2900 , 130 pips+ profit and 1:5 risk to reward ratio.

10 Mar

İşlem aktif

Trade activated after breakdown and retest done of support become resistance area, it's time to fall.

11 Mar

Not

Congratulations guys, price start falling from 2898, let's see, just hold your trades towards target.

12 Mar

Not

Price start falling from 2925,

12 Mar

Not

price hit target area 2905, 200 pips+ profit booked.

12 Mar

İşlem kapandı: hedefe ulaştı

12 Mar

Not

2885 also a key decision area, and we booked 300 pips+ profit from 2890-2920.