"Gold Price Setup: Key Levels to Watch for the Next Move!"

9 thg 3

Gold (XAU/USD) 4H Technical Analysis

- Price Action: Gold is trading at $2,909, consolidating below the identified selling area ($2,920 - $2,930) after a break of structure (BOS) and rejection from previous highs.
- Trend Analysis: The previous upward trendline was broken, signaling a potential bearish shift.
- Key Levels:

- Selling Area: $2,920 - $2,930 (strong resistance)
- Key Decision Zone: $2,881 (support-turned-resistance)
- Targets: $2,859 (1st target) and $2,838 (2nd target)
- Outlook: If price fails to break above the key decision area, further downside toward $2,859 and $2,838 is likely. However, a strong break above $2,920 could invalidate the bearish setup.

📉 Bearish bias unless price reclaims key resistance levels.

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10 thg 3

Ghi chú

sell gold 2913, SL 2918, TP 2900.

10 thg 3

Ghi chú

Target achieved , from 2913 to 2900 , 130 pips+ profit and 1:5 risk to reward ratio.

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Giao dịch đang hoạt động

Trade activated after breakdown and retest done of support become resistance area, it's time to fall.

11 thg 3

Ghi chú

Congratulations guys, price start falling from 2898, let's see, just hold your trades towards target.

12 thg 3

Ghi chú

Price start falling from 2925,

12 thg 3

Ghi chú

price hit target area 2905, 200 pips+ profit booked.

12 thg 3

Đóng lệnh: đạt mục tiêu

12 thg 3

Ghi chú

2885 also a key decision area, and we booked 300 pips+ profit from 2890-2920.