Support Signals Upside Potential
Hello Everyone,
Presently, there are supports gathering closely on the graph, clearly visible. Additionally, we've established an initial support line based on the monthly timeframe. The most plausible scenario indicates a rebound from 1858.652 and a continuation of the upward trend. However, for reference, we have included additional support levels. Best of luck!
If you have a moment, I'd greatly appreciate your support for my analysis. Your input is genuinely valuable.
TradeWithTheTrend3344
Bullish Targets:
1878.342
1869.903
1867.091
1864.278
Presently, there are supports gathering closely on the graph, clearly visible. Additionally, we've established an initial support line based on the monthly timeframe. The most plausible scenario indicates a rebound from 1858.652 and a continuation of the upward trend. However, for reference, we have included additional support levels. Best of luck!
If you have a moment, I'd greatly appreciate your support for my analysis. Your input is genuinely valuable.
TradeWithTheTrend3344
Bullish Targets:
1878.342
1869.903
1867.091
1864.278
Comment:
The safest choice is to wait until there's a clear signal, like a cross and lock above 1864, to confirm the bullish momentum!
Comment:
Bullish Target @ 1864.278 Done
Comment:
Bullish Target @ 1867.091 Done
Comment:
Bullish Target @ 1869.903 Done
Comment:
Take profit as for the last target (1878.342) 1877.26 seems to be the top ! let's see how it plays out.
Comment:
Bullish Target @ 1878.342 Done
Comment:
XAUSD has closed below two significant support levels: the 1-hour Pivot point at 1869.067 and the 1-day support (S3) at 1869.248. Additionally, the daily pivot point at 1870.097 is another crucial reference point on the chart.
These developments imply a probable continuation of the downward trend, but it's essential to note that this outcome is not guaranteed. If the price manages to break above and maintain stability beyond 1870.097, this could indicate the potential for further upward momentum.
Conversely, should the current downward trajectory persist, it's advisable to monitor the next support level at 1864.136, which aligns with the 1-day support (S4). This level could potentially act as an area for a price rebound or even a reversal.
These developments imply a probable continuation of the downward trend, but it's essential to note that this outcome is not guaranteed. If the price manages to break above and maintain stability beyond 1870.097, this could indicate the potential for further upward momentum.
Conversely, should the current downward trajectory persist, it's advisable to monitor the next support level at 1864.136, which aligns with the 1-day support (S4). This level could potentially act as an area for a price rebound or even a reversal.
Comment:
What an absolutely fantastic conclusion to this week. We excelled! Remember to provide a boost and follow me! Wishing everyone a wonderful weekend!