Pivot: 2311.00
Our Preference
Long positions above 2311.00 with targets at 2329.00 & 2337.00 in extension.
Alternative Scenario
Below 2311.00, look for further downside with 2302.00 & 2294.00 as targets.
Comment
The next resistances are at 2329.00 and then at 2337.00.
Supports and Resistances:
| Level | Value |
|---|---|
| Resistance | 2345.00 |
| Resistance | 2337.00 |
| Resistance | 2329.00 |
| Last | 2320.30 |
| Support | 2311.00 |
| Support | 2302.00 |
| Support | 2294.00 |
XAUUSD Prediction for Today
Why Did XAUUSD Drop Today?
The XAUUSD might drop today due to several factors including economic data releases, geopolitical events, or changes in market sentiment. Keep an eye on the latest news and economic indicators for more insights.
Best Moving Average for XAUUSD
The best moving average for XAUUSD trading can vary depending on your strategy. Commonly used moving averages include the 50-day, 100-day, and 200-day moving averages. These can help identify long-term trends and potential entry or exit points.
XAUUSD Technical Analysis Today
Today’s technical analysis indicates strong support at 2311.00. If the price stays above this level, there is a potential for an upward movement towards the 2329.00 and 2337.00 resistance levels.
Gold Trade Prediction Today
Based on current market analysis, the recommendation is to take long positions above 2311.00 with targets at 2329.00 & 2337.00. However, if the price falls below 2311.00, look for further downside with targets at 2302.00 & 2294.00.