Gold Chart Analysis (XAUUSD)

Gold Chart Analysis (XAUUSD)

1. Current Situation:
- Gold price is around 2,890 USD
- Price is consolidating after a downward movement
- Increased trading volume in the support zone

2. Technical Points:
- Key resistance at 2,920 USD
- Support level at 2,885 USD
- EMA lines showing Bearish Cross signals

3. Trading Signals:
- Bull Signal at 50% Retracement level
- Volume Profile shows accumulation at support
- RSI in Oversold zone indicating potential rebound

Recommendations:
1. Short-term:
- Consider buying at support 2,885 USD
- Place Stop Loss below 2,880 USD
- Take Profit at resistance 2,920 USD

2. Risk Management:
- Use Position Size no more than 2-3% of portfolio
- Be cautious of market opening gaps
- Set Trailing Stop to secure profits

3. Factors to Monitor:
- Fed interest rate policy
- USD volatility
- International geopolitical tensions

Summary: Gold price is at an interesting point for short-term buying opportunities, but careful risk management is required while closely monitoring external factors.