🚨 $XAU (Gold) Analysis
$XAU broke below the major psychological level of 4,000 again, touching a low of 3,880 (currently considered a normal movement).‼️
⛔️Support & Outlook: 📉
It is currently testing support at 3,970. If this level fails, we could see further downside.
🟢positive zone 🚀:📈
However, holding it opens the door back toward the positive recovery zone of 4,025 to 4,055.
#XAU #Gold #MarketAnalysis #Trading
$XAU broke below the major psychological level of 4,000 again, touching a low of 3,880 (currently considered a normal movement).‼️
⛔️Support & Outlook: 📉
It is currently testing support at 3,970. If this level fails, we could see further downside.
🟢positive zone 🚀:📈
However, holding it opens the door back toward the positive recovery zone of 4,025 to 4,055.
#XAU #Gold #MarketAnalysis #Trading
