After breaking the solid trendline on October 23, 2024, XAU is now in a sideways position between 2750-2714. The news of tensions between Israel and Palestine briefly pushed XAU up to 2747 on Friday, and this morning it opened with a significant drop to the 2725 level. Today, XAU may potentially decline further to the 2720-2714 levels as the nearest support.
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.
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.