25 July,2023 Asia Session #GOINVESTER #XAUUSD #SILVER #GOLD #GOLDPRICE
In this research article, we will delve into the trading prospects for gold and silver during the U.S session. By analyzing charts and indicators, we aim to identify potential entry and exit points for traders. Let's start by examining the current situation for gold, followed by silver.
Gold Trading Analysis
2-hour Chart Analysis:
Gold has established a strong bottom at 1960, with higher lows suggesting a potential bullish momentum.
Converging moving averages indicate a possible bullish crossover.
For a confirmed reversal, gold needs to break past 1975 and maintain levels above 1975 and 1980.
The critical zone lies between 1973 and 1985, with 1973 being a Fibonacci level and a potential retracement zone.
4-hour Chart Analysis:
Lower highs indicate a critical resistance zone for gold.
A symmetrical candle pattern suggests a push towards 1970-1972 levels.
A break below 1954 would confirm bearishness, with support levels at 1945 and 1940.
Daily Chart Analysis:
Higher lows signal a potential rise towards 1970-1973 levels.
A break above 1968 could lead to bullishness.
On the downside, watch out for support at 1954.
Silver Trading Analysis
2-hour Chart Analysis:
A strong resistance at 2470 needs to be broken for potential bullishness.
Stabilization and rising indicators hint at upward movement.
Resistance levels to watch: 2480, 2490, and 2500.
4-hour Chart Analysis:
A bullish pullback from the bearish channel suggests a reversal.
Resistance at 2470-2475 should be monitored closely.
Support at 2450 is crucial for maintaining bullish momentum.
Daily Chart Analysis:
Lower highs indicate potential retracement towards 2490-2480 levels.
Resistance remains strong at 2500, with potential reversal at 2550.
Entry and Exit Points
Gold:
Buy entry: 1968, with caution up to 1975.
Sell entry: 1960, but be watchful up to 1973.
Trailing stop loss at 1954.
Silver:
Buy entry: 2470, with caution up to 2500.
Sell entry: 2450, but be watchful up to 2470.
Trailing stop loss at 2500.
Conclusion
In conclusion, gold and silver show promising trading opportunities during the U.S session. Gold's critical zone lies between 1973 and 1985, while silver needs to surpass the resistance at 2470 to signal a potential reversal. Traders should remain alert to support and resistance levels while implementing proper stop-loss strategies.
Disclaimer
The information provided in this article is solely for educational and informational purposes. Trading in gold and silver involves risks, and past performance is not indicative of future results. It is essential to exercise caution and conduct thorough research before making any trading decisions. Always use proper risk management strategies and consider seeking advice from a qualified financial advisor.
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