What is the pivot point for XAUUSD today?

The pivot point for XAUUSD today is 2347.00.

What is the recommended trading strategy above the pivot point?

The recommended trading strategy above 2347.00 is to take long positions with targets at 2365.00 and 2374.00 in extension.

What is the alternative scenario for XAUUSD today?

The alternative scenario for XAUUSD today is if it drops below 2347.00, in which case further downside with targets at 2342.00 and 2335.00 is expected.

What are the key resistance levels for XAUUSD?

The key resistance levels for XAUUSD are 2387.00, 2374.00, and 2365.00.

What is the last recorded price for XAUUSD?

The last recorded price for XAUUSD is 2357.72.

What are the key support levels for XAUUSD?

The key support levels for XAUUSD are 2347.00, 2342.00, and 2335.00.

Why might XAUUSD drop today?

XAUUSD might drop today due to various factors including unexpected economic data releases, geopolitical tensions, or changes in market sentiment.

What moving averages are best for XAUUSD?

Commonly used moving averages for XAUUSD include the 50-day, 100-day, and 200-day moving averages to identify long-term trends and potential reversal points.

What is the forecast for XAUUSD today?

Today's forecast for XAUUSD suggests a bullish trend if it remains above the pivot point of 2347.00, with potential targets at 2365.00 and 2374.00.

How to trade XAUUSD effectively today?

To trade XAUUSD effectively today, consider long positions above 2347.00 with targets at 2365.00 and 2374.00, and prepare for a potential downside if the price drops below 2347.00.

Gold Intraday: Further Advance

Pivot: 2347.00

Our Preference

Long positions above 2347.00 with targets at 2365.00 & 2374.00 in extension.

Alternative Scenario

Below 2347.00, look for further downside with targets at 2342.00 & 2335.00.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and Resistances

Level	Value
Resistance	2387.00
Resistance	2374.00
Resistance	2365.00
Last	2357.72
Pivot	2347.00
Support	2342.00
Support	2335.00

XAUUSD Prediction for Today

The Gold (XAUUSD) market analysis for today indicates a bullish trend with a pivot point set at 2347.00. Traders are advised to consider long positions above this level, targeting the resistance levels at 2365.00 and 2374.00 for potential gains.

XAUUSD Market Analysis for Today: Gold Intraday

Why Did XAUUSD Drop Today?

Gold might experience a drop due to several factors, such as unexpected economic data releases, geopolitical tensions, or changes in market sentiment. Monitoring these factors closely can help in making informed trading decisions.

Best Moving Average for XAUUSD

Utilizing moving averages can be beneficial for trading XAUUSD. Commonly used moving averages for this pair include the 50-day, 100-day, and 200-day moving averages. These help in identifying long-term trends and potential reversal points.

XAUUSD Technical Analysis Today

Today’s technical analysis for XAUUSD shows strong support at 2347.00. Staying above this level suggests a bullish trend, with potential targets at 2365.00 and 2374.00.

Gold Trade Prediction Today

Based on the current market analysis, long positions above 2347.00 are recommended with targets at 2365.00 and 2374.00. If the price falls below 2347.00, traders should look for further downside with targets at 2342.00 and 2335.00.

Conclusion

The XAUUSD market analysis for today emphasizes the importance of the 2347.00 pivot point. With a preference for long positions above this level, traders can target 2365.00 and 2374.00 for potential gains. However, a break below 2347.00 could signal a move towards 2342.00 and 2335.00, highlighting the need for careful monitoring of market conditions.

This structured approach ensures comprehensive coverage of today’s market analysis, helping