XAUUSD IDEA
Technically, gold is showing bullish dynamics after the bulls did not let the price go beyond 2350. The price is consolidating above the key level of 2365 and testing the area of interest and liquidity of 2375-2380. A breakout and consolidation of the price above this area may further strengthen the price, as the promising target, at the moment, is 2387 - 23400.
Resistance levels → An intermediate bottom of 2350 is forming.
What's next?: 2373, 2380
Support levels: 2365, 2355, 2350
Resistance levels → An intermediate bottom of 2350 is forming.
What's next?: 2373, 2380
Support levels: 2365, 2355, 2350
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.