(XAU/USD) 1-hour chart, 220pips done.wait for next move
The price followed an upward structure, as seen with the black arrows.
It hit the 2,921.126 resistance level, marking 220 pips profit from the entry.
2. Support & Resistance Levels
Support: Around 2,887.972 - 2,893.870, where buyers stepped in.
Resistance: 2,921.126 (first target), and 2,936.080 (potential next target).
3. Next Possible Move
If the price breaks 2,921.126, it could push toward 2,936.080 for further gains.
If rejected, a pullback could happen before another bullish attempt.
In short, the trade played out successfully, securing 220 pips, and now traders will watch for a continuation or retracement. Want me to draft a channel update for this win?
It hit the 2,921.126 resistance level, marking 220 pips profit from the entry.
2. Support & Resistance Levels
Support: Around 2,887.972 - 2,893.870, where buyers stepped in.
Resistance: 2,921.126 (first target), and 2,936.080 (potential next target).
3. Next Possible Move
If the price breaks 2,921.126, it could push toward 2,936.080 for further gains.
If rejected, a pullback could happen before another bullish attempt.
In short, the trade played out successfully, securing 220 pips, and now traders will watch for a continuation or retracement. Want me to draft a channel update for this win?
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.