From a technical perspective, the XAU/USD pair is likely to confront a stiff barrier near the $3,326-3,328 supply zone. Against the backdrop of last week's bounce from the 200-period Exponential Moving Average (EMA) pivotal support on the 4-hour chart, a sustained strength beyond will be seen as a fresh trigger for bullish traders. The subsequent move up could lift the Gold price to the $3,345-3,350 intermediate resistance, above which the Gold price could aim to reclaim the $3,400 mark. The momentum could extend further towards the next relevant barrier near the $3,432-3,434 region.
Gold now sell 3377
Support 3351
Support 3325
Support 3300
Resistance 3399
Gold now sell 3377
Support 3351
Support 3325
Support 3300
Resistance 3399
Trade active
Gold sell 80 pips done Trade closed: target reached
Gold sell 140 pips done 👍Note
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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.