Hi Traders
This Area is 4Hr Order block according to SMC.
2316 to 2305 This is Liquidity Pool we can see
upside movement after taking this liquidity.
Best time to take trade is 5 min CHoCH but after Rejection.
Note - Only for education Purpose
A descending triangle is a bearish chart pattern in technical analysis that's characterized by two trendlines: a descending upper trendline and a second, flatter horizontal trendline that's lower than the first. The pattern is formed by a series of lower highs that meet the flat support line at the bottom
FOREXCOM:XAUUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
Be provide a good signal in The Gold and still good show the bullish sign because it’s not break 2400 level.
Buy gold 2410-2420
Target are 2460 2480 2510
Sl are 2370
Be provide a good signal in The Gold and still good show the bullish sign because it’s not break 2400 level.
Buy gold 2410-2420
Target are 2460 2480 2510
Sl are 2370
above is the h1 time frame trade analysis of pair xau/usd
possible up front move from discounted area 2390 to 2393
long from 2390 to 2393
sl area 2370
target area 2450 and above
At the start of the week, gold prices saw a decline due to stronger U.S. Treasury yields and a rebound in the U.S. dollar. This led to a moderate pullback from its recent peaks, although the price of gold still remains relatively high historically, influenced by persistent economic and geopolitical uncertainties.
Analysts predict that gold prices may rise later...
Current Market Situation
Gold prices have been experiencing a bullish trend, recently approaching the resistance zone of 2397-2400. This movement is significant as it indicates a potential test of this critical resistance level.
Scenario 1: Immediate Upward Movement
In the first scenario, gold continues its upward trajectory and tests the 2397-2400 resistance...
Gold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.
Technical analysis from TradingView highlights that gold recently touched $2,360 and even approached $2,380 before facing some resistance and correcting downwards. Despite this, the sentiment remains that a round bottom pattern may indicate potential growth in prices, with key levels being watched at around $2,365 and $2,379 (TradingView).
The ongoing...
Technical Analysis
Support and Resistance Levels:
Support Level at $2400: This level has proven to be a strong support as prices have rebounded after reaching this level. It indicates that there is significant buying interest at this price point.
Resistance Levels: As gold moves up, the next resistance levels to watch would be around $2450 and $2500. These...
In this chat you can see the trendline
The prise crossed the trendline lable
Its mean the prise breaked the trendline
And its also itts breaked the rectangle small zone
It will take time to break fully
But..
After full breakout a good fall momentum will shown in gold
So keep in your mind
This can break
Stay connected with gold
Watch in lower timeframe
After a...
As we are able to see gold is moving in bullish channel. till the time gold is moving above
2330 we can see 2355 2364 2374.
Below 2330 again we can see 2310 2300 2290 2285.
Plan accordingly, Happy Trading. 😉😉😉
It's showing a fall due to these reason
It's retracted the support after the breakout
2.its getting support from neckline plus support making it's more stronger due to double support
3. The trendline also giving a support
4. Overall meaning is it's getting support from three point mean it's a good situation for buying
A good move gonna show here
Just grab out...
