-Resistance and Price Reaction: When XAUUSD approached the resistance zone at 2480, there was a strong selling reaction. This indicates that selling pressure has significantly increased, and the sellers are currently dominating the market.
-Current Trading Range: At present, gold is trading within a narrow range of 2437 to 2470. If the price breaks out of this range, the likely scenario is a continued decline, with key targets at 2408 and 2387.
-Current Trading Range: At present, gold is trading within a narrow range of 2437 to 2470. If the price breaks out of this range, the likely scenario is a continued decline, with key targets at 2408 and 2387.
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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.