Update Keylevel of XAUUSD
Potential Scenarios:
Bullish Scenario: If the price can hold above $2,518.99 and break through the $2,542.95 resistance, it may indicate a short-term reversal or an upward correction within the overall bearish trend.
Bearish Scenario: Failure to break through $2,518.99 and a subsequent drop below $2,497.09 could reinforce the bearish trend, with the price potentially moving down to test $2,477.11 or even lower levels.
Key Points to Watch:
Price Behavior around $2,518.99: This is crucial for near-term direction.
Volume and Momentum Indicators: While not shown in the chart, monitoring these would provide further insight into the strength of any potential move.
If you have any specific questions or need further analysis, feel free to ask!
Bullish Scenario: If the price can hold above $2,518.99 and break through the $2,542.95 resistance, it may indicate a short-term reversal or an upward correction within the overall bearish trend.
Bearish Scenario: Failure to break through $2,518.99 and a subsequent drop below $2,497.09 could reinforce the bearish trend, with the price potentially moving down to test $2,477.11 or even lower levels.
Key Points to Watch:
Price Behavior around $2,518.99: This is crucial for near-term direction.
Volume and Momentum Indicators: While not shown in the chart, monitoring these would provide further insight into the strength of any potential move.
If you have any specific questions or need further analysis, feel free to ask!
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