The current analysis indicates a bullish trend for
XAUUSD
, provided it stays above the pivot line at 2410. the price seems poised to consolidate between 2430 and 2410 before any breakout occurs. The prevailing bullish pressure suggests that if trading remains above 2410, the trend will continue upwards.
If the price dips below 2410, it'll try to get 2397 and stabilizing bellow 2397 will try to reach 2376 as well.
The price is expected to rise to 2450, and stabilizing above 2450 could lead to a further increase to 2463 and 2475.
Key Levels:
Bullish Line: 2430, 2450, 2463, 2475
Pivot Line: 2410
Bearish Line: 2397, 2376, 2357
XAUUSD
, provided it stays above the pivot line at 2410. the price seems poised to consolidate between 2430 and 2410 before any breakout occurs. The prevailing bullish pressure suggests that if trading remains above 2410, the trend will continue upwards. If the price dips below 2410, it'll try to get 2397 and stabilizing bellow 2397 will try to reach 2376 as well.
The price is expected to rise to 2450, and stabilizing above 2450 could lead to a further increase to 2463 and 2475.
Key Levels:
Bullish Line: 2430, 2450, 2463, 2475
Pivot Line: 2410
Bearish Line: 2397, 2376, 2357