$XAU
Gold daily trading: towards 4,458
For us, the pivot point is at 4,348.
Preferred scenario: The upside is likely as long as 4,348 is a support level, with 4,458 and 4,490 as targets
Alternative scenario: Below 4,348, expect 4,296 and 4,264.
Comment: The Relative Strength Index (RSI) (momentum indicator) is above 50. The MACD (trend deviation indicator) is below its signal line but is positive. In addition, the current price is above its 20- and 50-day moving averages (located at 4,373 and 4,360 respectively)
Support and resistance levels:
4,552 **
4,521 *
4,490 **
4,458
4,382 last
4,369
4,348 **
4,296 *
4,264 **
#gold #USDT #bnb #BTC #Binance
Gold daily trading: towards 4,458
For us, the pivot point is at 4,348.
Preferred scenario: The upside is likely as long as 4,348 is a support level, with 4,458 and 4,490 as targets
Alternative scenario: Below 4,348, expect 4,296 and 4,264.
Comment: The Relative Strength Index (RSI) (momentum indicator) is above 50. The MACD (trend deviation indicator) is below its signal line but is positive. In addition, the current price is above its 20- and 50-day moving averages (located at 4,373 and 4,360 respectively)
Support and resistance levels:
4,552 **
4,521 *
4,490 **
4,458
4,382 last
4,369
4,348 **
4,296 *
4,264 **
#gold #USDT #bnb #BTC #Binance