XAUUSD looking for short.
Aktualisiert
The price action of XAU/USD (Gold Spot vs. US Dollar) on a 4-hour timeframe.
Resistance Zone: Area near $2,710–$2,720, marking a significant resistance level where prices struggled to break through.
Entry Zone: A smaller rectangular green area around $2,626–$2,637, suggesting a potential short entry point as the price approaches this level for retrace and then short.
Target Zones: The downward arrows indicate potential bearish movement after the entry point, targeting lower levels near $2,580–$2,547.
The price shows a rejection from the resistance zone, consolidates near the entry zone, and is likely to move lower based on the technical setup.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Resistance Zone: Area near $2,710–$2,720, marking a significant resistance level where prices struggled to break through.
Entry Zone: A smaller rectangular green area around $2,626–$2,637, suggesting a potential short entry point as the price approaches this level for retrace and then short.
Target Zones: The downward arrows indicate potential bearish movement after the entry point, targeting lower levels near $2,580–$2,547.
The price shows a rejection from the resistance zone, consolidates near the entry zone, and is likely to move lower based on the technical setup.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
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