XAU-USD Potential Long
It appears there's a visible uptrend in price movement, along with a support level indicating a tendency for prices to rise from that point. Additionally, you've mentioned a resistance zone around 2027-2035. This resistance suggests an area where prices may struggle to move beyond.
From what you've conveyed, it seems you anticipate that after surpassing the resistance at 2027-2035, prices will continue to ascend towards a new resistance point at 2044.
It's essential to remember that technical analysis serves as a tool to aid in trading decisions but doesn't guarantee precise outcomes. Always consider other factors such as market sentiment, news, and economic events that can influence price movements.
From what you've conveyed, it seems you anticipate that after surpassing the resistance at 2027-2035, prices will continue to ascend towards a new resistance point at 2044.
It's essential to remember that technical analysis serves as a tool to aid in trading decisions but doesn't guarantee precise outcomes. Always consider other factors such as market sentiment, news, and economic events that can influence price movements.
Trade active
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.
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.