KevinTraderr
@t_KevinTraderr
What symbols does the trader recommend buying?
Purchase History
پیام های تریدر
Filter
Signal Type
KevinTraderr
On the H1 chart of XAU/USD, we observe that the gold price has recently broken out of a sideways range and is now consolidating below the former support level of $2460, which has turned into new resistance. If the price fails to break above this level, the downward pressure could intensify.Yesterday, the metal prices saw a slight increase, supported by the $2441 level. However, this upward movement may have lost momentum, as indicated by the current price action near $2460. The technical downtrend may persist, with the next downside target being the $2444 area, and potentially deeper towards the strong support zone at $2420. This is a critical price area where buyers might step in, potentially pushing the price back up.What are your thoughts on this perspective?
Disclaimer
Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.