Trend Analysis:
Long-term Resistance: The red trend line marks a long-term resistance, indicating a significant level where the price has previously reversed. This level has been tested multiple times, reinforcing its strength.
Short-term Uptrend Channel: The black lines form an ascending channel, indicating a short-term uptrend where the price is making higher highs and higher lows.
Trading Strategy
Bullish Scenario:
Entry: If gold breaks and closes above $2,475 with significant volume, consider a long position.
Target: $2,490, followed by $2,500.
Stop-loss: Below the previous support level at $2,460.
Bearish Scenario:
Entry: If gold fails to break above $2,475 and shows signs of reversal, consider a short position.
Target: $2,450, followed by $2,420.
Stop-loss: Above the resistance level at $2,480.
Long-term Resistance: The red trend line marks a long-term resistance, indicating a significant level where the price has previously reversed. This level has been tested multiple times, reinforcing its strength.
Short-term Uptrend Channel: The black lines form an ascending channel, indicating a short-term uptrend where the price is making higher highs and higher lows.
Trading Strategy
Bullish Scenario:
Entry: If gold breaks and closes above $2,475 with significant volume, consider a long position.
Target: $2,490, followed by $2,500.
Stop-loss: Below the previous support level at $2,460.
Bearish Scenario:
Entry: If gold fails to break above $2,475 and shows signs of reversal, consider a short position.
Target: $2,450, followed by $2,420.
Stop-loss: Above the resistance level at $2,480.
🔝 The Greatest Analysis on Earth! : t.me/invotrading
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.
🔝 The Greatest Analysis on Earth! : t.me/invotrading
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.