Gold built support at $3,337.2 in today's trading session. However, the uptrend is capped, and the price remained below the Bearish Fair Value Gap.
From a technical standpoint, XAU/USD outlook remains bullish above $3,337.2. In this scenario, the target is likely to be the next high volume area, which stands tall at $3,410.0.
Please note that the bullish outlook should be invalidated if Gold closes and stabilizes below the $3,337.2 support.
From a technical standpoint, XAU/USD outlook remains bullish above $3,337.2. In this scenario, the target is likely to be the next high volume area, which stands tall at $3,410.0.
Please note that the bullish outlook should be invalidated if Gold closes and stabilizes below the $3,337.2 support.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.