XAUUSD has had a rough start to the year, experiencing a significant drop of approximately 500 pips from its peak to its lowest point. On Friday, the price exhibited high volatility, solidifying the 2060 zone as a confirmed resistance level.Currently, the price stands at 2028 and is approaching a crucial support zone around 2020. It is imperative for the bulls to successfully uphold this level to sustain the price within a medium-term upward trend. Failure to do so may lead to a potential continuation to the downside, with a target set at the 1980 zone.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.