$XAU Gold daily trading: decline is likely as long as 4,326 is resistance
For us, the pivot point is at 4,326.
Preferred scenario: decline is likely as long as 4,326 is resistance, with 4,212 and 4,182 as targets
Alternative scenario: above 4,326, look for 4,377 and 4,407.
Comment: the Relative Strength Index RSI (momentum indicator) is below. The MACD (trend deviation indicator) is below its signal line and negative. The setup is bearish. In addition, the current price is below its 20- and 50-day moving averages (located at 4,296 and 4,328 respectively). Moreover, the current price is between its 20- and 50-day moving averages (located at 4,296 and 4,328 respectively).
Support and resistance levels:
4,407 **
4,377 *
4,326 **
4,306
4,284 last
4,212
4,182 **
4,151 *
4,121 **
#gold #USDT #bnb #BTC #xrp
For us, the pivot point is at 4,326.
Preferred scenario: decline is likely as long as 4,326 is resistance, with 4,212 and 4,182 as targets
Alternative scenario: above 4,326, look for 4,377 and 4,407.
Comment: the Relative Strength Index RSI (momentum indicator) is below. The MACD (trend deviation indicator) is below its signal line and negative. The setup is bearish. In addition, the current price is below its 20- and 50-day moving averages (located at 4,296 and 4,328 respectively). Moreover, the current price is between its 20- and 50-day moving averages (located at 4,296 and 4,328 respectively).
Support and resistance levels:
4,407 **
4,377 *
4,326 **
4,306
4,284 last
4,212
4,182 **
4,151 *
4,121 **
#gold #USDT #bnb #BTC #xrp
