Discussions

GOLD / US DOLLAR KILO forum

11 minutes ago

first support comes at 2618-20 zone
And gold solid support comes around 2602-2605 zone

3 hours ago

ceasefire between Israel and Lebanon
Pressure on gold

3 hours ago

don't try to buy next 4 hours

3 hours ago

last friday i told keep hold top position xauusd fall ..wild fire this week

5 hours ago

Gold Daily Analysis based on Main Key Levels

Daily Current Market Price (DCMP): 2682

Summary of Key Levels and Analysis:

Resistance:

Resistance3: 2815
Resistance2: 2758
Resistance1: 2723

Pivot: 2666

Support :

Support1: 2609
Support2: 2670
Support3: 2517

Intraday Trade Setups for Gold:

Buy Intraday Trade Setup

Trade Setup: Support Bounce Trade

Trade Entry: 2670 (Aligns with Support2 for a potential bounce)
Stop Loss: 2655 (Limited risk below Support2)
Take Profit 1: 2685 (Minor Resistance & 50% Fibonacci Retracement Level)
Take Profit 2: 2702 (Approaching Pivot for maximum gain)

Reason for Entry: Buying at identified Support2, anticipating a bounce back towards the pivot.

Sell Intraday Trade Setup

Trade Setup: Resistance Sell-Off

Trade Entry: 2700 (At Pivot, expecting resistance to hold)
Stop Loss: 2714 (Above Resistance1 to manage risk)
Take Profit 1: 2682 (DCMP, expecting pullback to current market price)
Take Profit 2: 2662 (Approaching Support2 for a more substantial gain)

Reason for Entry: Selling at the pivot, leveraging its expected resistance to initiate a sell-off.