Gold (XAU/USD) Technical Analysis
Updated
Current Price: 2578 (All-time high)
Previous Resistance: 2530 (Now acting as support)
Bullish Scenario:
If 2530 holds as a strong support, we can expect a pullback from this level.
Possible upside targets:
2600
2650
2700
Bearish Scenario:
If 2530 breaks as support, the next downside targets could be:
2500
2490
2470
Watch for how price behaves around 2530, as it will be a key level to determine the next movement.
Previous Resistance: 2530 (Now acting as support)
Bullish Scenario:
If 2530 holds as a strong support, we can expect a pullback from this level.
Possible upside targets:
2600
2650
2700
Bearish Scenario:
If 2530 breaks as support, the next downside targets could be:
2500
2490
2470
Watch for how price behaves around 2530, as it will be a key level to determine the next movement.
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