nadeem_fx3

nadeem_fx3

Why We Think the Price Might Drop: 1. The support level broke at 2160 and is being tested again. 2. The RSI (Relative Strength Index) is around 40, suggesting a signal to sell. 3. The Super Trend indicator indicates a bearish trend. What Might Happen Next: Overall, it might be a good idea to sell XAUUSD when the price is around 2160 . We're aiming for...

nadeem_fx3

Why We Think the Price Might Drop: 1. The price is hitting a trendline around 2195-2205 . 2. We expect a correction after a big increase in price. What Might Happen Next: Overall, it might be a good idea to sell XAUUSD when the price is between 2200-2210 . We're aiming for targets around 2145 and 2085 afterwards.

nadeem_fx3

Given the robust resistance level observed at 2041.88 for Gold (XAUUSD) , there is a possibility of a downward movement in its price trajectory. Consequently, it is conceivable that Gold may experience a decline, potentially reaching levels around 2111 and 2080 .

nadeem_fx3

Gold Analysis based on Key structures and EMA cross over.

nadeem_fx3

Facing strong resistance at $2050.00, we may witness a decline in the gold market over the next few days.