In the near term, XAU/USD is neutral. The 4-hour chart shows a bearish 20 SMA keeps heading south below the current level after crossing below a flat 100 SMA. The 200 SMA, in the meantime, provides dynamic support at around $2,385.00. Finally, technical indicators have bounced from their recent lows but turned flat within neutral levels, somehow suggesting absent buying interest as per XAU/USD holding just below their midlines.
Support levels: 2,385.00 2,372.90 2,366.00
Resistance levels: 2,411.20 2,424.10 2,438.80
Gold now sell 2389
Target 2385
Target 2380
Target 2360
Sl 2411
Support levels: 2,385.00 2,372.90 2,366.00
Resistance levels: 2,411.20 2,424.10 2,438.80
Gold now sell 2389
Target 2385
Target 2380
Target 2360
Sl 2411
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t.me/ProTrader_9
My Channel Link
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Check My Performance
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.