xauusd pair has been a little complicated since the last few days as market is not giving any clear direction as it is mostly driven by the fundamental events.
Currently the market is below the resistance area 3350 to 3360. There are more chances of market to drop back to its supporting areas like 3300 and 3270. If market breaks the 3350 and 3360 area then market will most probably drop from the area 3380 or 3390 but it would be easy for market to get close to the next resistance area 3410.
Resistance: 3350/60 , 3410, 3440
Supporting Areas: 3300, 3270
Currently the market is below the resistance area 3350 to 3360. There are more chances of market to drop back to its supporting areas like 3300 and 3270. If market breaks the 3350 and 3360 area then market will most probably drop from the area 3380 or 3390 but it would be easy for market to get close to the next resistance area 3410.
Resistance: 3350/60 , 3410, 3440
Supporting Areas: 3300, 3270
Trade active
Both Target Hit 3300, and 3270Market dropped all the way from 3348 to 3257
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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.