This chart shows the **price movement of Gold (XAU/USD)** on a **daily timeframe**.
### Key Points:
* **Support Zone** : Around **\$3,266**, this is the area where price has bounced up multiple times, meaning buyers step in here.
* **Resistance Line**: Around **\$3,436**, this is the level where price has been rejected before, meaning sellers are strong here.
* **Current Price**: Around **\$3,293**.
### What the Chart Suggests:
* Price is near the **support** zone again.
* If the support holds, the green arrow shows a possible move **upward**.
* Price may first move up slightly, pull back, and then try to **break above resistance** at \$3,436.
Gold is in a sideways range. It's near a strong support level and might go up from here toward the resistance level, as shown by the green line.
### Key Points:
* **Support Zone** : Around **\$3,266**, this is the area where price has bounced up multiple times, meaning buyers step in here.
* **Resistance Line**: Around **\$3,436**, this is the level where price has been rejected before, meaning sellers are strong here.
* **Current Price**: Around **\$3,293**.
### What the Chart Suggests:
* Price is near the **support** zone again.
* If the support holds, the green arrow shows a possible move **upward**.
* Price may first move up slightly, pull back, and then try to **break above resistance** at \$3,436.
Gold is in a sideways range. It's near a strong support level and might go up from here toward the resistance level, as shown by the green line.
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.
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.