Approaching Key Levels with Potential Deep Correction Ahead!
Diupdate
XAUUSD Current Price: 2737.445
2H Chart
Reason for Correction:
1H - Monthly: Overbought Zone (Deeper Correction Possible)
As indicated on the chart, the price is in an uptrend within an ascending channel on the Daily chart, and a similar trend is observed on the 2H chart, where an additional ascending channel is also forming.
Moreover, Gold is currently in the overbought zone across multiple timeframes, from 1H to the Monthly chart.
Before a potential correction, the price may rise to the overbought zone at 2753.906 or even the extreme overbought zone at 2773.699. However, it is not necessary for the price to reach these levels, as a correction could begin sooner.
A potential correction could target 2700, a significant psychological level, and extend further to 2685. It’s also possible for a deeper correction to occur, which will be addressed in a subsequent analysis.
Key Levels:
• 2753.90
• 2773.70
• 2700.00
• 2685.44
Happy trading!
Trade aktif
Target Reached: 2753.90
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.