Gold (XAU/USD) Technical Analysis - Price Structure on 30-Minute
Gold (XAU/USD) Technical Analysis - Price Structure on 30-Minute Timeframe
In the provided chart, two key support and resistance zones are identified as S_R 1 and S_R 2, which play significant roles in determining price reactions:
Resistance Zone (S_R 2):
This level represents the recent short-term peak and is likely to play a critical role in shaping the next price movement.
Support Zone (S_R 1):
If the current corrective move continues, this level could act as a crucial support area, potentially triggering a price reversal to the upside.
Possible Scenario:
After reaching the recent high (S_R 2), the price has formed a classic pattern, indicating a short-term bearish correction.
Based on the current price structure, it is anticipated that the price will first approach the marked support zone (S_R 1). After completing the correction, it is likely to resume its upward trend.
Conclusion:
The best approach is to monitor price behavior carefully and adapt strategies accordingly.
In the provided chart, two key support and resistance zones are identified as S_R 1 and S_R 2, which play significant roles in determining price reactions:
Resistance Zone (S_R 2):
This level represents the recent short-term peak and is likely to play a critical role in shaping the next price movement.
Support Zone (S_R 1):
If the current corrective move continues, this level could act as a crucial support area, potentially triggering a price reversal to the upside.
Possible Scenario:
After reaching the recent high (S_R 2), the price has formed a classic pattern, indicating a short-term bearish correction.
Based on the current price structure, it is anticipated that the price will first approach the marked support zone (S_R 1). After completing the correction, it is likely to resume its upward trend.
Conclusion:
The best approach is to monitor price behavior carefully and adapt strategies accordingly.
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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.