XAU/USD Buy Sell Technical Analysis
For those engaged in the dynamic world of gold trading, staying informed with precise technical analysis is crucial. Here’s a detailed look at the current technical outlook for XAU/USD, focusing on key resistance and support levels to help guide your trading decisions.
Gold Intraday: Key Resistance at 2311.00
Pivot: 2311.00
Our Preference
Short positions below 2311.00 with targets at 2277.00 & 2265.00 in extension.
Alternative Scenario
Above 2311.00 look for further upside with 2325.00 & 2339.00 as targets.
Comment
As long as 2311.00 is resistance, look for choppy price action with a bearish bias.
Supports and Resistances
| Level | Type |
|---|---|
| 2339.00 | Resistance |
| 2325.00 | Resistance |
| 2311.00 | Pivot/Resistance |
| 2296.08 | Last Price |
| 2277.00 | Support |
| 2265.00 | Support |
| 2246.00 | Support |
Understanding these levels can help you navigate the market more effectively. When gold prices are approaching or reacting to these support and resistance levels, traders should be prepared for potential market movements.
For more in-depth analysis and strategies on trading gold, visit our comprehensive guide at Free Robot Forex.
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Get the latest XAU/USD buy sell technical analysis. Discover key resistance and support levels for informed trading decisions. Learn strategies and market outlooks to enhance your trading skills.
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