- XAUUSD is moving sideways.
- The breakout above the resistance at 2047 indicates strong upward momentum. This level also serves as a strong support.
- Tonight, there is a significant amount of negative news, so there is a probability that the price may break the upward trend and shift downwards. The condition for a strong downward shift is if the price closes below the level of 2036.7.
- The breakout above the resistance at 2047 indicates strong upward momentum. This level also serves as a strong support.
- Tonight, there is a significant amount of negative news, so there is a probability that the price may break the upward trend and shift downwards. The condition for a strong downward shift is if the price closes below the level of 2036.7.
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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.