The current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors
The current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors combined with a positive RSI trend, suggests a potential continuation toward higher levels like $2,668 if the bullish sentiment persists
On shorter timeframes, consolidation is observed near $2,640, with potential bearish movement if the resistance levels hold. A pullback to previous levels like $2,620 could act as a pivot for further trend assessment
Immediate resistance is noted around $2,668, while support lies near $2,620. Breaking either of these levels could dictate the next directional move
Prediction: In the near term, XAU/USD appears likely to continue testing resistance levels. If the bullish momentum holds, a rise to approximately $2,660-$2,670 could occur. Conversely, failing to maintain current levels may lead to a retracement toward $2,620.
Disclaimer: I am not a financial advisor, and this analysis should not be considered financial advice. Please consult with a professional for trading decisions.
The current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors combined with a positive RSI trend, suggests a potential continuation toward higher levels like $2,668 if the bullish sentiment persists
On shorter timeframes, consolidation is observed near $2,640, with potential bearish movement if the resistance levels hold. A pullback to previous levels like $2,620 could act as a pivot for further trend assessment
Immediate resistance is noted around $2,668, while support lies near $2,620. Breaking either of these levels could dictate the next directional move
Prediction: In the near term, XAU/USD appears likely to continue testing resistance levels. If the bullish momentum holds, a rise to approximately $2,660-$2,670 could occur. Conversely, failing to maintain current levels may lead to a retracement toward $2,620.
Disclaimer: I am not a financial advisor, and this analysis should not be considered financial advice. Please consult with a professional for trading decisions.
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✅ Trading Ideas, Setups, and Technical Insights and some minds
Catch these signals for FREE on Telegram:t.me/trextro_fx
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.
✅ Gold Scalping Signals (5-6 signals)
✅ Trading Ideas, Setups, and Technical Insights and some minds
Catch these signals for FREE on Telegram:t.me/trextro_fx
✅ Trading Ideas, Setups, and Technical Insights and some minds
Catch these signals for FREE on Telegram:t.me/trextro_fx
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.