t>

Gold Analysis and Trading Strategies | February 23 OANDA: XAUUSD by Gold_Maestro — TradingView


✅ 4-hour frame trend analysis

● Since the bottom at 4842, the structure has consistently made higher highs and lower lows.
● The price strongly broke through the 5050 and 5080 levels and is currently trading around 5107.
● MA5/MA10/MA20 moving averages are arranged in ascending order, and the gap continues to widen.
● The Bollinger Bands are showing an upward trend, and the price is approaching the upper limit of the Bollinger Bands.

📌 Summary of four hours:
The upward trend has been established and the market is in the acceleration phase of the main trend.

✅ Trend analysis in one hour frame

● Consecutive bullish candles with little depth correction.
● The moving averages are in standard bullish order and have strong momentum.
● Price is currently consolidating slightly above the 5100 level.
● The 5085-5095 area has emerged as short-term support.

📌 One hour summary:
In the short term buyers are in control and the trend is healthy.

🔴Resistance

● 5120–5135 (overhead structure resistance)
● 5150–5170 (possible stretch target)

🟢Support

● 5085-5095 (short-term support)
● 5050–5065 (Correction confirmation area)

✅ Trading strategy reference
🔰 Procurement strategy (overall planning)

👉 Visit 1: 5085–5095
👉 Visit 2: 5050–5060

🎯Target 1:5120
🎯 Target 2: 5135
🎯Stretch goal: 5150

📍Logic: continuation of the main uptrend.

🔰 Selling strategy (short speculation only)

👉Number of applicants: more than 5120

🎯Target: 5095/5085/5065

📍Logic: Technical correction at the top, not a trend reversal.

✅Risk Management

● If 5085 breaks down → possible retest of 5050
● If 5120 is strongly broken → the space will open up for further gains

Current market stage:
In the middle of an impulse wave, a strong bullish expansion phase.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *