XAUUSD / GOLD – 1H Buy Projection
Gold has formed a Three White Soldiers bullish candlestick pattern from the strong support area near 4136–4138, indicating strong buying momentum.
The price is currently approaching the first resistance zone around 4178–4180. A temporary rejection or pullback may occur from this area.
Trading Plan
Preferred Buy Entry: 4162–4165
Key Fibonacci Level: 0.5 at 4163.96
Target 1: 4178–4180
Target 2: 4215–4217
Major Target Level: 0.618 at 4216.05
Stop-Loss / Invalidation: Below 4136
The expected movement is a pullback towards the 4164 entry zone, followed by bullish continuation towards 4178 and potentially 4216.
Gold has formed a Three White Soldiers bullish candlestick pattern from the strong support area near 4136–4138, indicating strong buying momentum.
The price is currently approaching the first resistance zone around 4178–4180. A temporary rejection or pullback may occur from this area.
Trading Plan
Preferred Buy Entry: 4162–4165
Key Fibonacci Level: 0.5 at 4163.96
Target 1: 4178–4180
Target 2: 4215–4217
Major Target Level: 0.618 at 4216.05
Stop-Loss / Invalidation: Below 4136
The expected movement is a pullback towards the 4164 entry zone, followed by bullish continuation towards 4178 and potentially 4216.
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.