This chart shows the XAU/USD pair (Gold vs US Dollar). After a drop in price, gold is testing a support zone around 2,617 USD. The market shows signs of bullish reversal as price enters this zone, suggesting a potential move back up. Traders may keep an eye on the resistance levels around 2,630 USD for a possible breakout or rejection.
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.