XAU - GOING SIDEWARD BUT STILL IN DOWN TREND

Gold rose to around the $2,320 per ounce mark on Monday, rebounding from declines in the previous session, as investors awaited a series of economic reports and comments from Federal Reserve officials throughout the week to gauge the Fed’s interest rate cut timeline. Key focal points include the US retail sales data scheduled for later today, weekly jobless claims on Thursday, and Friday's flash purchasing managers' indices, all of which offer insights into consumer spending and economic strength.

Gold maintains the small frame sideway zone, the price tops create consecutive false breaks

🔴SELL GOLD: 2348 - 2350, SL: 2354

🟢BUY GOLD: 2307 - 2305, SL: 2301

Note: Zone 2300

⛔️Breakout:
📈 Breakout on: 2326 - 2341
📉 Breakout below: 2312 - 2305

🔼Support: 2305 - 2300 - 2291 - 2286

🔽Resistance: 2330 - 2340 - 2350

GOOD LUCK EVERYONE👍

Note

Gold is falling in price as expected, but there is support from the 2312 area

Note

Gold is still running around the trendline price range, the bank holiday will cause gold to move sideways today

Note

Update Plan today touches resistance 2334 + 40 Pips

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