Gold Price Action Analysis: Key Levels and Trade Setups

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5일 전

Gold Price Action Analysis: Key Levels and Trade Setups
Analysis:
Price Action Strategy:
Support and Resistance Levels:

Key support levels: 2,536.664, 2,582.264, 2,601.810

Key resistance levels: 2,642.252, 2,670.000, 2,721.410

Fibonacci Retracement Levels:

0.382 at 2659.51836

0.5 at 2640.4

0.618 at 2621.28164

0.705 at 2607.1859

0.786 at 2594.06228

Volume Profile:

High volume node around 2,642.252 indicating strong resistance.

Low volume node around 2,601.810 indicating potential support.

Smart Money Concepts (SMC):
Break of Structure (BOS):

BOS observed around 2,536.664 indicating a potential bullish reversal.

Change of Character (ChOCH):

ChOCH observed around 2,601.810 indicating a shift in market sentiment.

ICT Strategy:
Order Blocks:

Bullish order block around 2,536.664

Bearish order block around 2,642.252

Fair Value Gaps:

Fair value gap observed between 2,601.810 and 2,621.348

Indicators:
Relative Strength Index (RSI):

RSI is around 51.36, indicating a neutral market condition.

Moving Average Convergence Divergence (MACD):

MACD is slightly bearish with a histogram value of -0.061.

VIP Signal:

Buy Signal:

entry: 2601.810

tp1: 2642.252

tp2: 2670.000

sl: 2582.264

Sell Signal:

entry: 2642.252

tp1: 2601.810

tp2: 2582.264

sl: 2670.000

Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.

I hope this analysis helps with your trading decisions! If you have more charts to analyze or need further insights, feel free to share.

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Buy Signal:

entry: 2601.810
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