XAU/USD 1HR // 27 July 2024 Analysis
We can see that gold has started to form a downtrend.
We can look for potential sells if the price reached our trendline and rejects from it as well as the area of support/resistance marked.
The area of support/resistance is also near the 2400 price level.
We can look for potential sells if the price reached our trendline and rejects from it as well as the area of support/resistance marked.
The area of support/resistance is also near the 2400 price level.
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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.