XAUUSD / TRADING ABPVE ATH 2,600$ - 4H
HELLO TRADERS
The asset is trading above its all-time high (ATH) price of $2,600.The price has risen by %1.82.
If the price closes below the ATH level of $2,600 on a 4-hour (4h) candle, further decline is expected, estimated at 1.90%.
As long as the price remains above $2,600, it suggests a bullish trend.
A 4h candle closing below $2,600 would indicate potential bearish movement, predicting a decline of around 1.90%.
Technical analysis:
If the price remains above $2,600 and breaks above $2,620, we could see an upward move towards $2,635.
A break below $2,600 may lead to a decline towards $2,575 and potentially $2,551, indicating a bearish trend.
UPWARD TARGET : 2,620$ , 2,635$ .
DOWNWARD TARGET : 2,575$ , 2,551$.
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