Hello 👋 gold Traders
technical analysis of Gold (XAU/USD) on a 1-hour timeframe. Here’s a breakdown of the key elements:
1. Fair Value Gap (FVG Level): The purple zone represents an area of inefficiency where price may return to fill before continuing its trend.
2. Change of Character (CHOCH): Indicates a potential shift in market structure, suggesting bullish momentum.
3. Double Top (Red Arrows): Price was rejected twice at the same level, indicating possible resistance.
4. Moving Averages:
200 EMA (Blue Line at 2,901.507): Long-term trend indicator.
30 EMA (Red Line at 2,911.101): Short-term trend indicator.
5. Price Action Forecast:
Price is expected to retrace into the FVG level before continuing upwards toward the target point at 2,961.779.
This suggests a bullish outlook as long as price respects the FVG level as support. Would you like a more detailed breakdown
Don't forget boost 🚀 and follow don't miss more good idea 💡
technical analysis of Gold (XAU/USD) on a 1-hour timeframe. Here’s a breakdown of the key elements:
1. Fair Value Gap (FVG Level): The purple zone represents an area of inefficiency where price may return to fill before continuing its trend.
2. Change of Character (CHOCH): Indicates a potential shift in market structure, suggesting bullish momentum.
3. Double Top (Red Arrows): Price was rejected twice at the same level, indicating possible resistance.
4. Moving Averages:
200 EMA (Blue Line at 2,901.507): Long-term trend indicator.
30 EMA (Red Line at 2,911.101): Short-term trend indicator.
5. Price Action Forecast:
Price is expected to retrace into the FVG level before continuing upwards toward the target point at 2,961.779.
This suggests a bullish outlook as long as price respects the FVG level as support. Would you like a more detailed breakdown
Don't forget boost 🚀 and follow don't miss more good idea 💡
Join my telegram copy trade
t.me/+ncT065W7YFM5YzI0
t.me/+ncT065W7YFM5YzI0
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Join my telegram copy trade
t.me/+ncT065W7YFM5YzI0
t.me/+ncT065W7YFM5YzI0
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.