XAU/USD Technical Outlook:
Gold (XAU/USD) has shown signs of a technically bullish structure, though recent price action indicates a pullback. The pair experienced a strong resistance near the $3,200 level, where sellers stepped in, leading to a temporary rejection and price retracement.
Despite this, the bullish bias remains intact as long as key support levels hold. A decisive break above the $3,200 resistance could signal continuation to new highs, but if rejection intensifies, we could see further downside correction.
Resistance zone 3265 / 3305
Support Levels 3200 3170
You may find more details in the chart Do want to get more insights keep fallow with like and comments Thanks Best Luck Buddies.
Gold (XAU/USD) has shown signs of a technically bullish structure, though recent price action indicates a pullback. The pair experienced a strong resistance near the $3,200 level, where sellers stepped in, leading to a temporary rejection and price retracement.
Despite this, the bullish bias remains intact as long as key support levels hold. A decisive break above the $3,200 resistance could signal continuation to new highs, but if rejection intensifies, we could see further downside correction.
Resistance zone 3265 / 3305
Support Levels 3200 3170
You may find more details in the chart Do want to get more insights keep fallow with like and comments Thanks Best Luck Buddies.
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Related publications
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.