$XAU Gold Daily Trading: Target 4,391
For us, the pivot point is at 4,269.
Preferred scenario: An upside move is likely as long as 4,269 is a support level, with 4,391 and 4,422 as targets
Alternative scenario: Below 4,269, expect 4,218 and 4,187.
Commentary: The Relative Strength Index RSI (momentum indicator) is above 50. The MACD (trend deviation indicator) is above its signal line and is positive. In addition, the current price is above its 20- and 50-day moving averages (at 4,305 and 4,309 respectively)
Support and Resistance Levels:
4,484 **
4,453 *
4,422 **
4,391
4,324 latest
4,289
4,269 **
4,218 *
4,187 **
#gold #USDT #bnb #BTC #Binance
For us, the pivot point is at 4,269.
Preferred scenario: An upside move is likely as long as 4,269 is a support level, with 4,391 and 4,422 as targets
Alternative scenario: Below 4,269, expect 4,218 and 4,187.
Commentary: The Relative Strength Index RSI (momentum indicator) is above 50. The MACD (trend deviation indicator) is above its signal line and is positive. In addition, the current price is above its 20- and 50-day moving averages (at 4,305 and 4,309 respectively)
Support and Resistance Levels:
4,484 **
4,453 *
4,422 **
4,391
4,324 latest
4,289
4,269 **
4,218 *
4,187 **
#gold #USDT #bnb #BTC #Binance