XAU has been following a parallel channel since January 2025. If we assume it will reach the channel's highest resistance by July 15, 2025, its value will be around 3820.
I have drawn Fibonacci channels, which can indicate possible future support and resistance levels.
The Fib 0.5, 0.618, and 0.786 levels are very important resistances.
How to invest in Gold?
Whenever you find the XAU price at its support level, take a buy position. Whenever you find the price at a resistance level, sell your positions.
Note: I never suggest a short recommendation for Gold, as it is always bullish—or maybe I'm just biased toward Gold.
I have drawn Fibonacci channels, which can indicate possible future support and resistance levels.
The Fib 0.5, 0.618, and 0.786 levels are very important resistances.
How to invest in Gold?
Whenever you find the XAU price at its support level, take a buy position. Whenever you find the price at a resistance level, sell your positions.
Note: I never suggest a short recommendation for Gold, as it is always bullish—or maybe I'm just biased toward Gold.
Trade active
I have refined it in chart below,
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.
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.