GOLE WANNA AGAIN FALLING ZONE AT 2639
Updated
Last week, XAU/USD (Gold against the US Dollar) faced strong resistance at the 2661 level, which caused the price to reverse sharply, resulting in a significant downward movement, often referred to as a "waterfall." This price drop continued until it found support at around 2640.
Now, the market is expected to enter a downward trend again, with a recommended sell entry at 2639. The price is anticipated to move further down, and the key technical targets for this decline are 2615, 2600, and 2585. These levels are where the price may find additional support or show signs of reversal.
Now, the market is expected to enter a downward trend again, with a recommended sell entry at 2639. The price is anticipated to move further down, and the key technical targets for this decline are 2615, 2600, and 2585. These levels are where the price may find additional support or show signs of reversal.
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Hello Traders!
XAU/USD has completed its retracement phase and is now starting to fall. It's time to hold your positions as the price is expected to move towards the target levels. Stay patient and keep your trades open until the target is reached.
The current technical outlook suggests a continued downward trend from here, so holding the position is recommended until the market hits your predicted targets.
Note
130 pips done
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