sufyanmirzaw
@t_sufyanmirzaw
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sufyanmirzaw
Instrument: The chart appears to be tracking XAU/USD (Gold), as indicated on the right-hand side.•Trend: The price is moving upwards within a parallel channel, showing a consistent uptrend.•Fibonacci Retracement & Extensions:•Various Fibonacci levels are marked, which act as potential support and resistance zones.•The 0.786 Fibonacci level is a key retracement area currently being tested.•Projected Move:•A green highlighted area indicates a potential bullish move, suggesting an anticipated breakout toward higher levels.•The 1.618 Fibonacci extension level aligns with the target.•Support & Resistance:•Several horizontal lines indicate previous highs and lows, likely acting as key decision points.•The price recently retested the lower boundary of the channel and bounced back, reinforcing the trend.
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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.