Gold (XAUUSD) supports and resists with volume combinations.
Gold (XAUUSD) supports and resists volume combinations.
As of recently, I have marked the major zone of 2290 as a major support and supply zone from where the price rejected 5 times and marked the zone as a valid point for but.
After the market touches the 2450 zone on May 19, 2024, the price falls and wipes out the buyer to their supply zone of 2290, and after some consolidation periods and a market range at 2320 to 2340 on Friday on NFP, the market will break its previous June high of 2387.
Now the market trends look bullish after 2387 zone confirmations, and the price targets will be 2410 and 2450, but for that, we need strong bullish volume with confirmation candles.
As of recently, I have marked the major zone of 2290 as a major support and supply zone from where the price rejected 5 times and marked the zone as a valid point for but.
After the market touches the 2450 zone on May 19, 2024, the price falls and wipes out the buyer to their supply zone of 2290, and after some consolidation periods and a market range at 2320 to 2340 on Friday on NFP, the market will break its previous June high of 2387.
Now the market trends look bullish after 2387 zone confirmations, and the price targets will be 2410 and 2450, but for that, we need strong bullish volume with confirmation candles.
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