Gold Update (XAUUSD) reached important Key Zone
Updated
Gold is currently at a crucial point where it's encountering strong resistance. The key levels to watch On the 4-hour chart.
Resistance Levels:
Resistance 1: 2071-2074
Resistance 2: 2081-2090
Resistance 3: 2172-2190
On the 4-hour timeframe, the Center of Gravity (COG) is situated between 2042 and 2038.
Support Levels:
Support 1: 2015-2006
Support 2: 1994-1986
Bias:
Bearish Scenario:
A bearish stance is recommended if the price remains below 2074-2082, with a target of 2024. Falling below this level would be considered extremely bearish, with a potential target of 1988.
Bullish Scenario:
A bullish outlook is suggested if the price rises above 2042, targeting 2082. Crossing this level would be considered extremely bullish, with potential targets at 2135-2174.
Note
gold nearby 4-hour timeframe, the Center of Gravity (COG) 2042 and 2038.its time to book some partical Profit
Trade closed: target reached
target reached 2024
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