XAUUSD IDEA
Technically, since the price is in a range and tested the resistance area earlier, the MM has a liquidity target at the bottom. Consequently, gold may test support (false breakdown) before heading towards resistance again. Emphasis on the channel boundary.
Resistance levels: 2517, 2531
Support levels: 2501, 2493, 2477
Resistance levels: 2517, 2531
Support levels: 2501, 2493, 2477
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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.