Gold daily trading: Critical support is approaching For us, the pivot point is at 4,391.
Preferred scenario: A decline is likely as long as 4,391 is resistance, with 4,290 and 4,263 as targets
Alternative scenario: Above 4,391, look for 4,437 and 4,464.
Comment: Prices are now heading toward our first target. If this level is reached, a rebound is likely to appear; however, a decisive break below it may open the door to further losses.
Support and resistance levels: 4,464 ** 4,437 * 4,391 ** 4,373 4,316 last 4,290 4,263 ** 4,236 * 4,209 ** #gold #USDT #bnb #BTC #Binance
$XAU Gold daily trading: The key support level is approaching For us, the pivot point is at 4,391.
Preferred scenario: A decline is likely as long as 4,391 remains resistance, with 4,290 and 4,263 as targets
Alternative scenario: Above 4,391, look for 4,437 and 4,464.
Comment: Prices are now moving toward our first target. If this level is reached, a rebound is likely to occur; but a decisive break below it could open the door to additional losses.
Support and resistance levels: 4,464 ** 4,437 * 4,391 ** 4,373 4,322 last 4,290 4,263 ** 4,236 * 4,209 ** #gold #USDT #bnb #BTC #Binance
$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: target 4,458 For us, the pivot point is at 4,348.
Preferred scenario: an upside move is likely as long as 4,348 remains 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 above its signal line and is positive. In addition, the current price is above its 20- and 50-day moving averages (located at 4,364 and 4,353 respectively)
Support and resistance levels: 4,552 ** 4,521 * 4,490 ** 4,458 4,388 last 4,369 4,348 ** 4,296 * 4,264 ** #gold #USDT #bnb #BTC #Binance
$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)
$XAU Daily Gold Trading: Target 4,212 For us, the pivot point is at 4,326.
Preferred scenario: Decline is likely as long as 4,326 holds as resistance, with 4,212 and 4,182 as targets
Alternative scenario: Above 4,326, look for 4,377 and 4,407.
Comment: The Relative Strength Index RSI (momentum indicator) is below. The MACD (trend deviation indicator) is below its signal line and is negative. In addition, the current price is below its 20- and 50-day moving averages (currently at 4,291 and 4,292 respectively). Furthermore, the current price is between its 20- and 50-day moving averages (currently at 4,291 and 4,292 respectively)
$XAU Gold daily trading: decline is likely as long as 4,326 is resistance For us, the pivot point is at 4,326.
Preferred scenario: decline is likely as long as 4,326 is resistance, with 4,212 and 4,182 as targets
Alternative scenario: above 4,326, look for 4,377 and 4,407.
Comment: the Relative Strength Index RSI (momentum indicator) is below. The MACD (trend deviation indicator) is below its signal line and negative. The setup is bearish. In addition, the current price is below its 20- and 50-day moving averages (located at 4,296 and 4,328 respectively). Moreover, the current price is between its 20- and 50-day moving averages (located at 4,296 and 4,328 respectively).
Support and resistance levels: 4,407 ** 4,377 * 4,326 ** 4,306 4,284 last 4,212 4,182 ** 4,151 * 4,121 ** #gold #USDT #bnb #BTC #xrp
$XAU Gold Daily Trading: Critical Support Is Near For us, the pivot point is at 4,383.
Preferred scenario: a decline is likely as long as 4,383 holds as resistance, with 4,275 and 4,244 as targets
Alternative scenario: above 4,383, look for 4,434 and 4,465.
Comment: Prices are now within reach of our first target, a level that could trigger a rebound. On the other hand, a decisive break below could extend the current decline.
$XAU Gold daily trading: 4,281 in sight For us, the pivot point is at 4,398.
Preferred scenario: A decline is likely as long as 4,398 is resistance, with 4,281 and 4,250 as targets
Alternative scenario: Above 4,398, look for 4,449 and 4,480.
Comment: The Relative Strength Index (RSI) is below. In addition, the price is above the 20-period moving average (4,337) but below the 50-period moving average (4,342).
Support and resistance levels: 4,480 ** 4,449 * 4,398 ** 4,377 4,337 last 4,281 4,250 ** 4,220 * 4,189 ** #bnb #BTC #USDT #GOLD