Xauusd outlook

قبل ٣ أيام

The chart represents a 4-hour (4h) analysis of the Gold Spot (XAUUSD) trading on the FXOPEN platform using Heikin Ashi candlesticks. The current market prices are 2,636.27 for sell and 2,636.48 for buy. The key elements of the analysis include:

1. Trendline Support: An ascending trendline is drawn, showing a series of higher lows, indicating a bullish trend. The price is currently near this trendline, suggesting potential support.


2. Resistance Levels: There are two horizontal resistance levels marked:

The first resistance level is around 2,660.

The second resistance level is around 2,720.



3. Projected Movement: The chart shows a potential bullish scenario with arrows indicating the price might:

Move up from the trendline support to test the first resistance level at 2,660.

After breaking the first resistance, the price is expected to move towards the second resistance level at 2,720.



4. Bullish Continuation Pattern: The analysis suggests a bullish continuation with a breakout above the current resistance levels, supported by the upward trendline.



This chart reflects a bullish outlook, with the expectation of the price moving upward from the trendline support and testing the resistance levels at 2,660 and 2,720.