XAUUSD Analysis on H1 timeframe 5/6
- XAUUSD is currently experiencing a downward movement towards the support zone of 1932-1939. If reversal signals and increasing buying pressure emerge at this level, we can consider entering a BUY position. However, if the price breaks below the 1932 level, the bullish scenario would fail.
- The key resistance levels to watch for XAUUSD are at 1962-1970. Look for selling opportunities in line with the overall trend on both higher and lower timeframes. The trend is your friend.
- The key resistance levels to watch for XAUUSD are at 1962-1970. Look for selling opportunities in line with the overall trend on both higher and lower timeframes. The trend is your friend.
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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.