$XAU
Gold daily trading: Critical support is approaching
For us, the pivot point is at 4,391.
Preferred scenario: A decline is likely as long as 4,391 is resistance, with 4,290 and 4,263 as targets
Alternative scenario: Above 4,391, look for 4,437 and 4,464.
Comment: Prices are now heading toward our first target. If this level is reached, a rebound is likely to appear; however, a decisive break below it may open the door to further losses.
Support and resistance levels:
4,464 **
4,437 *
4,391 **
4,373
4,316 last
4,290
4,263 **
4,236 *
4,209 **
#gold #USDT #bnb #BTC #Binance
Gold daily trading: Critical support is approaching
For us, the pivot point is at 4,391.
Preferred scenario: A decline is likely as long as 4,391 is resistance, with 4,290 and 4,263 as targets
Alternative scenario: Above 4,391, look for 4,437 and 4,464.
Comment: Prices are now heading toward our first target. If this level is reached, a rebound is likely to appear; however, a decisive break below it may open the door to further losses.
Support and resistance levels:
4,464 **
4,437 *
4,391 **
4,373
4,316 last
4,290
4,263 **
4,236 *
4,209 **
#gold #USDT #bnb #BTC #Binance
