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
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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 💡
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Join my telegram copy trade
t.me/+ncT065W7YFM5YzI0
t.me/+ncT065W7YFM5YzI0
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.