XAU/USD Analysis (4H Chart)
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XAU/USD Technical Analysis
Current Price: 2,634.08 USD
The XAU/USD pair is exhibiting a bearish trend on the 4-hour chart. After failing to break above resistance at 2,659.33 USD, the price has shown signs of reversing downwards.
Key Levels:
Resistance: 2,659.33 USD Support: 2,587.06 USD
Take Profit (TP): TP1: 2,625 USD TP2: 2,610 USD
Stop Loss (SL): Above resistance at around 2,659.33 USD
Technical indicators suggest potential for further downside movement towards our take profit targets if the bearish momentum continues and breaks below immediate support levels.
This analysis combines technical and beyond-fundamental observations to provide a comprehensive outlook for trading opportunities in Gold Spot against the US Dollar,
NOTE: This analysis is for informational purposes only and does not constitute financial advice.
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Current Price: 2,634.08 USD
The XAU/USD pair is exhibiting a bearish trend on the 4-hour chart. After failing to break above resistance at 2,659.33 USD, the price has shown signs of reversing downwards.
Key Levels:
Resistance: 2,659.33 USD Support: 2,587.06 USD
Take Profit (TP): TP1: 2,625 USD TP2: 2,610 USD
Stop Loss (SL): Above resistance at around 2,659.33 USD
Technical indicators suggest potential for further downside movement towards our take profit targets if the bearish momentum continues and breaks below immediate support levels.
This analysis combines technical and beyond-fundamental observations to provide a comprehensive outlook for trading opportunities in Gold Spot against the US Dollar,
NOTE: This analysis is for informational purposes only and does not constitute financial advice.
Don't Forgot Like Button Share With Your Friends Trade Safe Thanks
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