Here are the key support, resistance, and target price levels:
## 📊 Key Price Levels
---
### **Support/Entry Zone**
The analysis suggests an optimal **Entry Zone** which acts as a near-term support level.
*Entry Zone:* Around 4,1180 to 4,175
### Resistance/Target Price Levels
The chart highlights two distinct zones of resistance that are also marked as **Take Profit (TP)** targets.
Resistance 1 / TP1: This is the lower resistance zone, currently around 4,200 to 4,250.
Resistance 2 / TP2: This is the higher, ultimate resistance target zone, currently around 4,360 to 4,400.
### **Pattern**
The price action since late October appears to be moving within an **ascending channel** (indicated by the dashed blue lines), which suggests a bullish bias as long as the price remains within or above the channel's lower boundary. The current price action shows a move up from the lower boundary towards the Resistance 1/TP1 zone.
Would you like me to analyze the volume data shown at the bottom of the chart, or find the current price of Gold (XAU/USD)?
## 📊 Key Price Levels
---
### **Support/Entry Zone**
The analysis suggests an optimal **Entry Zone** which acts as a near-term support level.
*Entry Zone:* Around 4,1180 to 4,175
### Resistance/Target Price Levels
The chart highlights two distinct zones of resistance that are also marked as **Take Profit (TP)** targets.
Resistance 1 / TP1: This is the lower resistance zone, currently around 4,200 to 4,250.
Resistance 2 / TP2: This is the higher, ultimate resistance target zone, currently around 4,360 to 4,400.
### **Pattern**
The price action since late October appears to be moving within an **ascending channel** (indicated by the dashed blue lines), which suggests a bullish bias as long as the price remains within or above the channel's lower boundary. The current price action shows a move up from the lower boundary towards the Resistance 1/TP1 zone.
Would you like me to analyze the volume data shown at the bottom of the chart, or find the current price of Gold (XAU/USD)?
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Daily Forex Signals & Market Insights 📉📈
Need assistance? We're here to help! 🤝
t.me/Arthur_782
Join Our Telegram Channel Today!
t.me/+3nePmmz1xGk1MzZk
t.me/+PqiIQSFLhtEyZGU0
Need assistance? We're here to help! 🤝
t.me/Arthur_782
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t.me/+3nePmmz1xGk1MzZk
t.me/+PqiIQSFLhtEyZGU0
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.
