TRADEWITHKENNY
EDUCATIVE: The circled hammer candlestick on the chart confirms strong buying pressure on XAUUSD. As shown, the market broke through the key resistance level at 2,923.22, continuing its upward movement.
I’ll be watching for buy opportunities on a retest of the previous key level at 2,923. However, if the price breaks below this zone, it could move lower toward the key levels where the hammer candlestick initially formed.
KEY LEVELS: 2,923.22, 2,911.85, 2,906.77
CONCLUSION: Understanding chart patterns and market structure is crucial for trading success. Learning the market requires consistency, regardless of the losses you may encounter along the way.
Disclamer: This is my personal view and should not be considered financial advice.
EDUCATIVE: The circled hammer candlestick on the chart confirms strong buying pressure on XAUUSD. As shown, the market broke through the key resistance level at 2,923.22, continuing its upward movement.
I’ll be watching for buy opportunities on a retest of the previous key level at 2,923. However, if the price breaks below this zone, it could move lower toward the key levels where the hammer candlestick initially formed.
KEY LEVELS: 2,923.22, 2,911.85, 2,906.77
CONCLUSION: Understanding chart patterns and market structure is crucial for trading success. Learning the market requires consistency, regardless of the losses you may encounter along the way.
Disclamer: This is my personal view and should not be considered financial advice.
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.