Gold (XAUUSD) Potential Rebound from Support - Buy Setup

2024年12月18日

Analysis:
Support Zone:

Price is currently testing the lower support trendline of the ascending channel (around 2,636 USD).
This level has acted as strong support previously, making it a potential rebound point.
Moving Averages (EMA 50 and EMA 200):

Price is below both the 50 EMA (orange) and the 200 EMA (green), suggesting a short-term bearish trend.
However, a bounce from support could push price back to test these levels as resistance.
RSI Indicator:

The 7-period RSI is at 29.52, indicating oversold conditions.
This suggests a possible reversal or price rebound in the near term.

Trade Setup:
Entry (Buy):
Enter near 2,636 - 2,640 USD if price shows a bullish reaction (e.g., bullish candle or reversal signal).

Take Profit Targets:

TP1: 2,665 USD (near 50 EMA).
TP2: 2,678 - 2,680 USD (near 200 EMA).
TP3: 2,733 USD (upper channel resistance).
Stop Loss:
Place a stop loss below the ascending channel support at 2,615 USD to limit risk.

📊 "Trade what you see, not what you think!"
Good luck, and manage your risk wisely! 🚀 XAUUSD

2024年12月20日

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