XAUUSD Analysis on H4 Timeframe for 15/10/2024
- XAUUSD touched the resistance level at 2661 and reacted there, with strong selling pressure pushing the price down to 2646.
- If the price continues to decline and respects the price channel, the next target will be the lower boundary at 2603.
- In case the price breaks out of 2661, it will likely surge to 2684.
- If the price continues to decline and respects the price channel, the next target will be the lower boundary at 2603.
- In case the price breaks out of 2661, it will likely surge to 2684.
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