XAUUSD For Sell
Gold price analysis
Expected scenario
Gold price is testing the pivotal resistance level $2340.10,
The price needs to remain below this level for the bearish corrective trend to remain in place, remembering that our next target is at $2272.06.
On the other hand, it should be noted that breaching $2340.10 and holding above it will stop the negative scenario and push the price to build an ascending wave whose targets begin testing the $2380.00 areas.
Expected trading range
Between support $2305.00 and resistance $2345.00.
Expected scenario
Gold price is testing the pivotal resistance level $2340.10,
The price needs to remain below this level for the bearish corrective trend to remain in place, remembering that our next target is at $2272.06.
On the other hand, it should be noted that breaching $2340.10 and holding above it will stop the negative scenario and push the price to build an ascending wave whose targets begin testing the $2380.00 areas.
Expected trading range
Between support $2305.00 and resistance $2345.00.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.