Gold Price Action Analysis: Key Levels and Trade Setups

28 de dez. de 2024

XAUUSD Gold Price Action Analysis: Key Levels and Trade Setups
Analysis:
Price Action Strategy:
Support and Resistance Levels:

Key support levels: 2,536.664, 2,582.264, 2,601.810

Key resistance levels: 2,642.252, 2,670.000, 2,721.410

Fibonacci Retracement Levels:

0.382 at 2659.51836

0.5 at 2640.4

0.618 at 2621.28164

0.705 at 2607.1859

0.786 at 2594.06228

Volume Profile:

High volume node around 2,642.252 indicating strong resistance.

Low volume node around 2,601.810 indicating potential support.

Smart Money Concepts (SMC):
Break of Structure (BOS):

BOS observed around 2,536.664 indicating a potential bullish reversal.

Change of Character (ChOCH):

ChOCH observed around 2,601.810 indicating a shift in market sentiment.

ICT Strategy:
Order Blocks:

Bullish order block around 2,536.664

Bearish order block around 2,642.252

Fair Value Gaps:

Fair value gap observed between 2,601.810 and 2,621.348

Indicators:
Relative Strength Index (RSI):

RSI is around 51.36, indicating a neutral market condition.

Moving Average Convergence Divergence (MACD):

MACD is slightly bearish with a histogram value of -0.061.

VIP Signal:

Buy Signal:

entry: 2601.810

tp1: 2642.252

tp2: 2670.000

sl: 2582.264

Sell Signal:

entry: 2642.252

tp1: 2601.810

tp2: 2582.264

sl: 2670.000

Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.

I hope this analysis helps with your trading decisions! If you have more charts to analyze or need further insights, feel free to share.

Follow Alexgoldhunter for more strategic ideas and minds

30 de dez. de 2024

Trade ativo

Buy Signal:

entry: 2601.810
activated

31 de dez. de 2024

Nota

ALMOST 170+ PIPS HIT BREAKEVEN and take partial profit taking

2 de jan.

Trade fechado: objetivo atingido

Tp1 🎯 400+ pips achieved it's called art of Trading analysis