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Gold Spot / U.S. Dollar
Long

BULL SCENARIO : Ascending Trendline Support and Monthly Pivots

By FATHX
In this analysis of XAUUSD on the daily chart, we observe that the price is currently testing an ascending trendline support. Key pivot levels for the month are highlighted, with the DM Monthly P (2,433.414) acting as resistance and DM Monthly S1 (2,383.087) as support. A potential bullish scenario is outlined with a target around DM Monthly R1 (2,548.222). Monitor price action closely as it approaches these significant levels.
Trend Analysis
FATHX

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