- XAUUSD has now moved back above the 1960 level, and the buying side is in control at this area, as indicated by several Bullish Engulfing candles.
- We can observe a strong resistance zone at 1975. We will wait for a pullback at this level to look for entry points if there is any selling pressure that occurs here.
- In case the price fails to maintain the upward momentum, the support at 1949 is also an option to consider for potential buying opportunities.
- We can observe a strong resistance zone at 1975. We will wait for a pullback at this level to look for entry points if there is any selling pressure that occurs here.
- In case the price fails to maintain the upward momentum, the support at 1949 is also an option to consider for potential buying opportunities.
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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.