Xauusd gold analysis NFP news
Gold (XAU/USD) Trade Idea - Based on the Chart Analysis
Key Price Levels:
Resistance Zone (Sell Area): $2,920 - $2,925
Support Zone (Target Area): $2,880 - $2,879
Trade Setup (Sell Idea):
1. Entry (Sell Limit): Around $2,920 - $2,925 (Resistance Zone)
2. Take Profit (TP): $2,880 - $2,879 (Support Area)
3. Stop Loss (SL): Above $2,930 - $2,935 (Above Resistance to avoid false breakouts)
4. Risk-to-Reward Ratio: ~1:4 (Good Risk Management)
Technical Analysis Confirmation:
Price is testing a strong resistance zone, which could cause a reversal downward.
Volume analysis shows potential rejection at resistance.
Bearish pattern formation suggests a downside move.
Additional Considerations:
If NFP data is negative for USD, Gold might break resistance instead of dropping.
If Gold fails to break resistance, a sell trade is valid as per the chart setup.
Watch for confirmation candles before entering the trade.
Key Price Levels:
Resistance Zone (Sell Area): $2,920 - $2,925
Support Zone (Target Area): $2,880 - $2,879
Trade Setup (Sell Idea):
1. Entry (Sell Limit): Around $2,920 - $2,925 (Resistance Zone)
2. Take Profit (TP): $2,880 - $2,879 (Support Area)
3. Stop Loss (SL): Above $2,930 - $2,935 (Above Resistance to avoid false breakouts)
4. Risk-to-Reward Ratio: ~1:4 (Good Risk Management)
Technical Analysis Confirmation:
Price is testing a strong resistance zone, which could cause a reversal downward.
Volume analysis shows potential rejection at resistance.
Bearish pattern formation suggests a downside move.
Additional Considerations:
If NFP data is negative for USD, Gold might break resistance instead of dropping.
If Gold fails to break resistance, a sell trade is valid as per the chart setup.
Watch for confirmation candles before entering the trade.
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Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.