Gold (XAU/USD) Price Analysis: Bearish Flag or Bullish Breakout?
This chart represents the Gold Spot (XAU/USD) on a 1-hour timeframe
market 2903 to 2920 target
Analysis:
Trend Overview:
The price recently formed a strong uptrend, reaching a peak before pulling back.
A bearish flag pattern is identified, which typically signals a potential continuation to the downside.
However, the current retracement structure suggests a possible bullish move.
Price Action & Patterns:
The price made a higher high, followed by a pullback.
A bullish correction is in play, with a potential breakout towards $2,920+ if resistance breaks.
The support level near $2,893 holds importance for trend continuation.
Trade Setup:
Entry Zone: Around the $2,904-$2,905 region.
Stop-Loss: Below $2,872, aligning with the bearish flag breakdown.
Take-Profit Target: Near $2,920, where a previous rejection occurred.
Indicators & Confirmation:
If price holds above the support at $2,893, it could push higher.
A breakdown below $2,872 may confirm bearish momentum.
market 2903 to 2920 target
Analysis:
Trend Overview:
The price recently formed a strong uptrend, reaching a peak before pulling back.
A bearish flag pattern is identified, which typically signals a potential continuation to the downside.
However, the current retracement structure suggests a possible bullish move.
Price Action & Patterns:
The price made a higher high, followed by a pullback.
A bullish correction is in play, with a potential breakout towards $2,920+ if resistance breaks.
The support level near $2,893 holds importance for trend continuation.
Trade Setup:
Entry Zone: Around the $2,904-$2,905 region.
Stop-Loss: Below $2,872, aligning with the bearish flag breakdown.
Take-Profit Target: Near $2,920, where a previous rejection occurred.
Indicators & Confirmation:
If price holds above the support at $2,893, it could push higher.
A breakdown below $2,872 may confirm bearish momentum.
עסקה סגורה: הגיע לסטופ
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.