As we expected, the tradition remains unbroken: during the week, peace, and on the weekend, war rhetoric emerged.


$XAU, #Gold, we said it was close to resistance, and a sell-off occurred.
If it holds below 4646, a rebound could happen.
If it stays above 4870, the upward movement may continue toward the 4990-5119 zone.
This zone could act as resistance. If it closes above the 5421 peak, an upward continuation is expected.
If it closes below 4646, there is a Fibonacci 0.618 support at the 4382 level; upon confirmation of a reversal, a rebound could occur again.
If the decline continues, the last dip where a reversal occurred, at the 4046 level, could serve as support.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin