📊 Technical Analysis
● XAU/USD has been respecting the support line at $3,933.99 and is approaching the resistance line near $4,024.92. The market has shown upward momentum after recent bounces from support, suggesting a possible breakout to higher levels.
● The price action is currently inside a rising channel, and a breakout above the resistance could lead to a move towards the next key resistance level.
💡 Fundamental Analysis
● A weaker USD and strong safe-haven demand could provide additional bullish support for gold in the near term.
✨ Summary
● Key levels to watch: Support at $3,933.99, resistance at $4,024.92. A breakout above $4,024.92 could target $4,046.60 for the next move.
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● XAU/USD has been respecting the support line at $3,933.99 and is approaching the resistance line near $4,024.92. The market has shown upward momentum after recent bounces from support, suggesting a possible breakout to higher levels.
● The price action is currently inside a rising channel, and a breakout above the resistance could lead to a move towards the next key resistance level.
💡 Fundamental Analysis
● A weaker USD and strong safe-haven demand could provide additional bullish support for gold in the near term.
✨ Summary
● Key levels to watch: Support at $3,933.99, resistance at $4,024.92. A breakout above $4,024.92 could target $4,046.60 for the next move.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
GOLD has successfully achieved its first goal.
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.