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Analist
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Through my MQL5 account, I aim to share the experiences, knowledge, and tools that I have developed with the wider trading community. I am excited to collaborate with other traders and developers, exchange ideas, and learn from them.
On this profile, you will find several Expert Advisors (EAs), indicators, and scripts that I have developed and thoroughly tested. I always strive to create innovative, efficient, and reliable trading solutions.
In addition, I also share articles, tutorials, and market analyses that can help other traders improve their trading skills. I hope to provide valuable contributions to the MQL5 community.
Feel free to reach out to me if you have any questions or would like to discuss trading and MQL5 development topics further. I will be happy to assist to the best of my abilities.
Thank you for visiting my profile, and happy trading!
On this profile, you will find several Expert Advisors (EAs), indicators, and scripts that I have developed and thoroughly tested. I always strive to create innovative, efficient, and reliable trading solutions.
In addition, I also share articles, tutorials, and market analyses that can help other traders improve their trading skills. I hope to provide valuable contributions to the MQL5 community.
Feel free to reach out to me if you have any questions or would like to discuss trading and MQL5 development topics further. I will be happy to assist to the best of my abilities.
Thank you for visiting my profile, and happy trading!
Friends
1
Muhammad Hendarwana
Alright, let me provide my analysis of the gold (XAUUSD) pair in English:
1. The current gold price is at $2,392.295, above the H4 support level at $2,392.00. This suggests that the sellers have not been able to push the price lower than this level yet.
2. There is a resistance level at $2,392.450 that needs to be breached to open up potential for further upside. If the price can successfully break and hold above this level, the bullish bias will strengthen.
3. The MACD indicator is showing a bullish signal, with the MACD line above the signal line. This supports the near-term upside potential for gold prices.
4. However, caution is warranted if the price fails to break above the $2,392.450 resistance. A decline below the H4 support at $2,392.00 could open up the possibility of a deeper correction towards the H1 support at $2,380.00.
Recommendations:
- Monitor the price action around the $2,392.450 resistance area. A breakout above this level could present a short-term buying opportunity.
- Use a stop loss below the H4 support at $2,392.00 to mitigate risks.
- Consider taking profits around historical resistance levels that are higher.
- Stay vigilant to news and market sentiment that can influence the gold price movement.
1. The current gold price is at $2,392.295, above the H4 support level at $2,392.00. This suggests that the sellers have not been able to push the price lower than this level yet.
2. There is a resistance level at $2,392.450 that needs to be breached to open up potential for further upside. If the price can successfully break and hold above this level, the bullish bias will strengthen.
3. The MACD indicator is showing a bullish signal, with the MACD line above the signal line. This supports the near-term upside potential for gold prices.
4. However, caution is warranted if the price fails to break above the $2,392.450 resistance. A decline below the H4 support at $2,392.00 could open up the possibility of a deeper correction towards the H1 support at $2,380.00.
Recommendations:
- Monitor the price action around the $2,392.450 resistance area. A breakout above this level could present a short-term buying opportunity.
- Use a stop loss below the H4 support at $2,392.00 to mitigate risks.
- Consider taking profits around historical resistance levels that are higher.
- Stay vigilant to news and market sentiment that can influence the gold price movement.