Don't miss the great SEE Opportunity in GOLD
1-hour XAU/USD chart here's a concise analysis:
Current Price Movement:
The price still ranges around $2,624, just below the resistance at $2,630.
There is consolidation in the current zone, indicating indecision in the market.
Trendlines:
The previous upward trendline has been broken, and the price is trending lower.
A downward-sloping trendline from earlier highs is visible, indicating that bearish momentum may still be in play.
Support and Resistance:
Immediate support lies at $2,589.35.
Resistance remains at $2,630, where price rejection could push the market lower again.
Below the $2,589.35 support, another potential support zone lies around $2,570.
Outlook:
Unless a breakout occurs, the price could remain range-bound between $2,624 and $2,630.
A break below $2,604 could target $2,589 and further down towards $2,570.
If bulls regain momentum and break through $2,630, there may be a push toward the $2,650 area.
Current Price Movement:
The price still ranges around $2,624, just below the resistance at $2,630.
There is consolidation in the current zone, indicating indecision in the market.
Trendlines:
The previous upward trendline has been broken, and the price is trending lower.
A downward-sloping trendline from earlier highs is visible, indicating that bearish momentum may still be in play.
Support and Resistance:
Immediate support lies at $2,589.35.
Resistance remains at $2,630, where price rejection could push the market lower again.
Below the $2,589.35 support, another potential support zone lies around $2,570.
Outlook:
Unless a breakout occurs, the price could remain range-bound between $2,624 and $2,630.
A break below $2,604 could target $2,589 and further down towards $2,570.
If bulls regain momentum and break through $2,630, there may be a push toward the $2,650 area.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.