XAU/USD:Post-Rally Retracement Holding Key Support for Bullish ?
Key Observations:
Prior Bullish Momentum: The price experienced a significant, sharp uptrend leading up to the current area of consolidation/correction.
Support Zone: The price has recently dropped into and bounced from a highlighted Support zone, approximately between $4,100 and $4,115. This zone aligns with a previous resistance level that was broken, often serving as new support ("S/R flip").
Correction and Bounce: The move into the support zone looks like a correction or retracement of the strong previous rally. The bounce from this area indicates buyers stepping in, confirming the support.
Forecast (Projected Move): The green arrow and accompanying line suggest a bullish continuation trade setup. The expectation is that the price will move up from the support area to test the recent high, labeled as the Target at approximately $4,140.
Prior Bullish Momentum: The price experienced a significant, sharp uptrend leading up to the current area of consolidation/correction.
Support Zone: The price has recently dropped into and bounced from a highlighted Support zone, approximately between $4,100 and $4,115. This zone aligns with a previous resistance level that was broken, often serving as new support ("S/R flip").
Correction and Bounce: The move into the support zone looks like a correction or retracement of the strong previous rally. The bounce from this area indicates buyers stepping in, confirming the support.
Forecast (Projected Move): The green arrow and accompanying line suggest a bullish continuation trade setup. The expectation is that the price will move up from the support area to test the recent high, labeled as the Target at approximately $4,140.
İşlem aktif
İşlem kapandı: hedefe ulaştı
Trade setup performed as planned. Currently up over 300 pips and maintaining strong momentum.
📊 Professional Forex & Gold Analyst | Trading pure price action and high-probability market structure. Daily 4–5 quality trade setups with disciplined risk management. Join: t.me/+NJDp2aIM3QphYWNk| Contact: @fx_martin9
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊 Professional Forex & Gold Analyst | Trading pure price action and high-probability market structure. Daily 4–5 quality trade setups with disciplined risk management. Join: t.me/+NJDp2aIM3QphYWNk| Contact: @fx_martin9
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.