✅ Update $XAU — The first target was hit, achieved 🎯
Post
انداري يزم
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Bearish$XAU
Gold Daily Trading: Relative Strength Index in the Overbought Area
For us, the pivot point is at 4,458.
Preferred Scenario: Decline is likely as long as 4,458 is resistance, with 4,323 and 4,293 as targets
Alternative Scenario: Above 4,458, look for 4,508 and 4,538.
Comment: The RSI (momentum indicator) is moving toward selling (support and resistance levels:
4,538 **
4,508 *
4,458 **
4,438
4,383 last
4,323
4,293 **
4,264 *
4,234 **
$XAU
Gold Daily Trading: Relative Strength Index in the Overbought Area
For us, the pivot point is at 4,458.
Preferred Scenario: Decline is likely as long as 4,458 is resistance, with 4,323 and 4,293 as targets
Alternative Scenario: Above 4,458, look for 4,508 and 4,538.
Comment: The RSI (momentum indicator) is moving toward selling (support and resistance levels:
4,538 **
4,508 *
4,458 **
4,438
4,383 last
4,323
4,293 **
4,264 *
4,234 **
$XAU
