XAUUSD Gold Update | H1 Timeframe 🙌
The market is in that range of bonds.
● Resistance Level - 2910.00
● Support Level - 2896.544
What will be the scenarios?
- Bearish Scenario: if the market breaks the support level at 2896.544, we expect the market to contact the 2881.00 level, and we showed that a Bullish Trendline will play a critical role if the candle closed below this region, then expected 2830.00.
- Bullish Scenario: If Makret is unable to break the Support Clusters levels and the candle closes above our provided points, we can expect a new All-Time High of 2930.00 level.
#XAUUSD
The market is in that range of bonds.
● Resistance Level - 2910.00
● Support Level - 2896.544
What will be the scenarios?
- Bearish Scenario: if the market breaks the support level at 2896.544, we expect the market to contact the 2881.00 level, and we showed that a Bullish Trendline will play a critical role if the candle closed below this region, then expected 2830.00.
- Bullish Scenario: If Makret is unable to break the Support Clusters levels and the candle closes above our provided points, we can expect a new All-Time High of 2930.00 level.
#XAUUSD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.