XAU/USD
Gold Spot (XAU/USD) Hourly Chart Analysis
This hourly chart of Gold Spot against the US Dollar (XAU/USD) highlights key technical levels and potential price movements:
Break of Structure (BOS): Two points are marked (one at the H4 timeframe) indicating significant shifts in market structure.
Key Levels:
Resistance Zones: Around 2,429.169 and 2,420.000.
Support Zones: Approximately 2,376.500 and 2,368.500.
Projected Price Movement: The chart suggests a potential bullish scenario with price likely to dip into the support zone around 2,376.500 before making a move towards higher resistance levels near 2,420.000 and possibly 2,429.169.
This hourly chart of Gold Spot against the US Dollar (XAU/USD) highlights key technical levels and potential price movements:
Break of Structure (BOS): Two points are marked (one at the H4 timeframe) indicating significant shifts in market structure.
Key Levels:
Resistance Zones: Around 2,429.169 and 2,420.000.
Support Zones: Approximately 2,376.500 and 2,368.500.
Projected Price Movement: The chart suggests a potential bullish scenario with price likely to dip into the support zone around 2,376.500 before making a move towards higher resistance levels near 2,420.000 and possibly 2,429.169.
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