This chart shows a technical analysis of Gold (XAU/USD).
The price was moving within an upward channel, indicating a bullish trend.
The price repeatedly broke resistance levels, confirming the uptrend.
Now The price reached a resistance zone, leading to a reversal.
Here we can expect, the price will be move in downward direction. towards support 3115 / 3110.
KEY LEVELS
Resistance near $3,148
Support around $3,110
Strong support at $3,080
If you have any question on the setup, Drop in the comments.
Support us by liking, sharing and following.
The price was moving within an upward channel, indicating a bullish trend.
The price repeatedly broke resistance levels, confirming the uptrend.
Now The price reached a resistance zone, leading to a reversal.
Here we can expect, the price will be move in downward direction. towards support 3115 / 3110.
KEY LEVELS
Resistance near $3,148
Support around $3,110
Strong support at $3,080
If you have any question on the setup, Drop in the comments.
Support us by liking, sharing and following.
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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.
Are you ready to take your trading skills to the next level? our channel provide free signals for trade, experts insights and daily updates to help you stay ahead of the market.
t.me/+dSaypw2DprY3ZTdk
t.me/+dSaypw2DprY3ZTdk
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.