Gold (XAU/USD) Technical Analysis
Updated
Current Price: 2578 (All-time high)
Previous Resistance: 2530 (Now acting as support)
Bullish Scenario:
If 2530 holds as a strong support, we can expect a pullback from this level.
Possible upside targets:
2600
2650
2700
Bearish Scenario:
If 2530 breaks as support, the next downside targets could be:
2500
2490
2470
Watch for how price behaves around 2530, as it will be a key level to determine the next movement.
Previous Resistance: 2530 (Now acting as support)
Bullish Scenario:
If 2530 holds as a strong support, we can expect a pullback from this level.
Possible upside targets:
2600
2650
2700
Bearish Scenario:
If 2530 breaks as support, the next downside targets could be:
2500
2490
2470
Watch for how price behaves around 2530, as it will be a key level to determine the next movement.
Trade active
our Setup running +200 Pips..Trade closed manually
Our setup done +400 Pips
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.