Gold XAUUSD Move 03-07 March 2025

2 mar

Technical Analysis & Trade Signal
Market Overview:
Current Price: Around 2,858.140 USD

Trend Analysis:
The price was in an uptrend but recently broke down, indicating a possible bearish reversal.
A key support level was broken, which is now acting as resistance.

Key Levels:
Resistance Zones:
Minor Resistance: 2,900 - 2,920 USD
Strong Resistance: 2,960 USD
Support Zone: 2,780 - 2,800 USD

Trade Signal:
📉 Sell Signal: If the price retests the 2,900 - 2,920 USD resistance zone and rejects downward, enter a short trade targeting 2,800 USD.

📈 Buy Signal: If the price holds support around 2,780 - 2,800 USD and starts moving up, consider a long trade targeting 2,900 USD.

👉 Confirmation: Use additional indicators like RSI, MACD, and volume to confirm the trade setup before executing.

3 dni temu

Transakcja zamknięta: osiągnięto wyznaczony cel

Inspite of sideways trend throughout week, my swing trade successfully reached at 2900 and went on further to hit 2930 smoothly.