Gold week start analysis..
#gold #xausd
If it holds above 4319, the direction is upwards; first target 4442, then 4600.
If support breaks, the plan needs to be reviewed again.
On the chart, the price tested the descending trendline; in recent days there has been a recovery.
If 4319 is not broken, it means buyers have control. The first resistance is the 4424-4486 range; if it breaks above there, it opens the way toward 4600.
Things to watch: If it slips below 4319, the scenario is invalid; then supports at 4229-4185 come into play.
Not investment advice..
#gold #xausd
If it holds above 4319, the direction is upwards; first target 4442, then 4600.
If support breaks, the plan needs to be reviewed again.
On the chart, the price tested the descending trendline; in recent days there has been a recovery.
If 4319 is not broken, it means buyers have control. The first resistance is the 4424-4486 range; if it breaks above there, it opens the way toward 4600.
Things to watch: If it slips below 4319, the scenario is invalid; then supports at 4229-4185 come into play.
Not investment advice..
