Gold Spot / U.S. DollarUpdated GOLD ALERT WITH CASHTRAINFX
It looks like XAUUSD (Gold) is at a crucial juncture, trading within a narrow range. Here’s a quick breakdown of what to look for:
Bearish Forecast:
Critical Level: Monitor the 2511 support level. A break below this level could indicate a bearish trend.
Potential Support: If the price falls through 2511, the next notable support level to watch is 2491.
Bullish Forecast:
Breakout Point: If XAUUSD moves above 2527, this could signal a bullish breakout.
Target: A successful upward breakout might push the price towards 2557.
Bearish Forecast:
Critical Level: Monitor the 2511 support level. A break below this level could indicate a bearish trend.
Potential Support: If the price falls through 2511, the next notable support level to watch is 2491.
Bullish Forecast:
Breakout Point: If XAUUSD moves above 2527, this could signal a bullish breakout.
Target: A successful upward breakout might push the price towards 2557.
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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.