XAU/USD Multi-Timeframe Comprehensive Analysis with Key Success
Key Notes:
- Breach below $2,633 invalidates bullish setups.
- Resistance near $2,640–$2,645 must be monitored for rejection signals.
- Watch for RSI div
1H Chart:
EMA-21 ($2,638) and SMA-50 ($2,637) act as key pullback levels.
Resistance exists at $2,640–$2,645 due to untested bearish FVG zones.
Momentum shows a slow recovery, with RSI climbing toward 50.
4H Chart:
Bollinger Bands indicate overextension near $2,640, signaling a possible pullback to the $2,634–$2,636 zone.
Support: Strong support around $2,628.50 (previous consolidation zone).
Daily Chart:
Price is rebounding from major support levels near $2,620, with resistance at $2,650.
Key Success Factors (KSF) Scenarios
Bullish Scenario:
Trigger:
Price remains above $2,636 and breaks $2,640.
Momentum indicators (RSI > 50, Stochastic RSI bullish cross) align with volume spikes.
Volume Confirmation:
Increased positive volume above $2,640–$2,642 indicates breakout strength.
Final Trading Outlook
Entry Type Entry Price Stop Loss TP1 TP2 R:R Ratio
Pullback Long $2,636 $2,633 $2,640 $2,645 1:3
Breakout Long $2,641 $2,638 $2,645 $2,650 1:2.5
Resistance Short $2,639 $2,642 $2,636 $2,634 1:3
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.