XAUUSD Analysis (Gold/USD) – September 8, 2024
🚨 Price Update: Gold finished off last week trading at $2,497, hovering around the POC! 📉
🔑 Key Levels:
Resistance:
$2,515-$2,526 🔴 Major resistance; sellers are stepping in.
$2,531 🔺 High level if bulls can push higher.
Support:
$2,454 🟢 Strong support – buyers holding this zone.
$2,430 🟡 Minor support, if it breaks, we could see a move down to $2,410-$2,364 📉⚠️
📈 Volume Profile:
Heavy volume around $2,497 🔄 indicates consolidation before a breakout.
Light volume below $2,480 suggests a quick move to $2,454 ⚡️, and if broken, further downside to $2,430-$2,410 📉.
🧐 What's Next?
If buyers hold $2,454, we could see a push back to $2,515-$2,526 🔄. A break above opens targets to $2,531 🔺.
If $2,454 fails, expect a drop to $2,430 and potentially $2,410 📉.
👀 Keep an eye on: Price action at the key support & resistance zones!
Follow my Channel for updates!
@goldstar_signals
🔑 Key Levels:
Resistance:
$2,515-$2,526 🔴 Major resistance; sellers are stepping in.
$2,531 🔺 High level if bulls can push higher.
Support:
$2,454 🟢 Strong support – buyers holding this zone.
$2,430 🟡 Minor support, if it breaks, we could see a move down to $2,410-$2,364 📉⚠️
📈 Volume Profile:
Heavy volume around $2,497 🔄 indicates consolidation before a breakout.
Light volume below $2,480 suggests a quick move to $2,454 ⚡️, and if broken, further downside to $2,430-$2,410 📉.
🧐 What's Next?
If buyers hold $2,454, we could see a push back to $2,515-$2,526 🔄. A break above opens targets to $2,531 🔺.
If $2,454 fails, expect a drop to $2,430 and potentially $2,410 📉.
👀 Keep an eye on: Price action at the key support & resistance zones!
Follow my Channel for updates!
@goldstar_signals
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