XAUUSD
Updated
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What are your thoughts on GOLD?
The price of gold has reached the upper resistance of the ascending channel, and negative divergence is visible on the RSI indicator. This divergence typically signals weakening buyer momentum and the potential for a price correction. It is expected that the price will enter a correction from this zone and drop at least to the identified support level.
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What are your thoughts on GOLD?
The price of gold has reached the upper resistance of the ascending channel, and negative divergence is visible on the RSI indicator. This divergence typically signals weakening buyer momentum and the potential for a price correction. It is expected that the price will enter a correction from this zone and drop at least to the identified support level.
forget to like and share your thoughts in the comments! ❤️
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The price recently hit a resistance level but failed to break through, facing rejection. This inability to surpass the resistance indicates continued selling pressure, suggesting that the price may head toward support levels.
First Support Level: 2710
Second Support Level (if 2710 breaks): 2670
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