XAUUSD
Gold has reached a strong demand zone around 2882/2878. After a sharp decline, price action shows signs of reversal, with potential bullish momentum building up.
Price is expected to rebound from the support zone and push towards key resistance levels:
✅ Target 1: 2894
✅ Target 2: 2907
A bullish engulfing candle or a strong rejection from the support zone could validate the move.
Breaking above 2894 may accelerate the bullish momentum.
⚠️ Bearish In-validations:
A breakdown below 2882/2878 may signal further downside to 2863, the next strong support level.
Look for confirmation before entering a long trade.
Use a tight stop-loss below the demand zone for risk management.
Price is expected to rebound from the support zone and push towards key resistance levels:
✅ Target 1: 2894
✅ Target 2: 2907
A bullish engulfing candle or a strong rejection from the support zone could validate the move.
Breaking above 2894 may accelerate the bullish momentum.
⚠️ Bearish In-validations:
A breakdown below 2882/2878 may signal further downside to 2863, the next strong support level.
Look for confirmation before entering a long trade.
Use a tight stop-loss below the demand zone for risk management.
Trade closed manually
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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.
Join My Telegram Channel for Signals and Technical Charts
t.me/Pipsviewtrading
t.me/Pipsviewtrading
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.