This chart presents a detailed technical analysis of Gold (XAU/USD), highlighting critical price levels and market behavior. The Upper Resistance at 5,700.000 USD represents a strong potential rejection zone, while the Key Resistance Level at 5,588.643 USD could act as an obstacle to further price gains. The market is currently navigating through the Minor Resistance at 5,421.398 USD and Intermediate Resistance at 5,200.564 USD, with a focus on the Critical Support at 5,087.966 USD. The Upward Trend Channel indicates ongoing bullish momentum, and the Major Support at 4,728.974 USD remains a key level for potential price reversals. Keep a close watch on these levels for potential price action and market moves.
Trade active
Trade active from 4970 so 600 pips running profit 😍 keep strong hold wait for my last target 🎯Trade closed manually
Close 80% trades and 20% hold my next target 🎯Note
20% keep strong hold when Gold touch 5200 then set sl to entry point Note
Sl entry point is well energy for full hold Related publications
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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.
