GOLD TOW SENARIO
Updated
1. Spot Price Around $2630:
Gold is fluctuating near the $2630 support zone. This level is critical as it could determine the direction of the next move.
2. Scenario if $2630 Breaks:
If the price breaks decisively below $2630 with strong volume, it could extend the bearish trend towards $2600 or even lower.
The next support levels to watch are $2600 and $2580.
3. Scenario if $2630 Holds:
If gold fails to break below $2630 and rebounds, it could move upward towards its immediate resistances at $2650, $2663, and potentially $2670.
A break above $2670 could trigger a bullish rally targeting $2700.
XAUUSD
Gold is fluctuating near the $2630 support zone. This level is critical as it could determine the direction of the next move.
2. Scenario if $2630 Breaks:
If the price breaks decisively below $2630 with strong volume, it could extend the bearish trend towards $2600 or even lower.
The next support levels to watch are $2600 and $2580.
3. Scenario if $2630 Holds:
If gold fails to break below $2630 and rebounds, it could move upward towards its immediate resistances at $2650, $2663, and potentially $2670.
A break above $2670 could trigger a bullish rally targeting $2700.
XAUUSD Trade active
Gold prices are currently rising.
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