CFDs on Gold (US$ / OZ)
Short
Updated

Gold Price Analysis – Key Support and Resistance Levels

1 714
This chart provides a detailed analysis of Gold (XAU/USD), highlighting crucial support and resistance levels. The Key Resistance at 4,838 USD represents a significant point where price may face rejection, while Support Levels at 4,794 USD and 4,738 USD are expected to hold the price, providing potential for upward movement

Traders should monitor these levels for possible reversals or breakouts. The price behavior around these zones will help guide trading decisions based on market reactions. Keep a close watch on the trend for further opportunities
Trade active
Trade Update:

Trade Status: Active
Entry Level: 4,740 USD
Profit: +700 Pips (Trade touched 4,670 USD)

The trade is currently running with a 700-pip profit. Given the current price movement, it’s recommended to hold the position while adjusting the stop-loss to secure profits. Keep monitoring key support levels like 4,738 USD and 4,794 USD for any signs of price reversal. Stay alert for further price action as the trend continues, with potential for continued profit.
Note
700 Pips Running keep strong hold wait for my last target Good suggestion 😉
Note
Running 750 Pips Thats amazing entry Keep strong hold wait for my last target

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.