๐ฅ
Last week was full of volatility for gold, and the price taught us an important lesson in reading market movements! ๐
๐ Decline zone:
Gold reached a low near $4066, then attempts to rebound emerged.
๐ Recovery zone:
The price climbed again and reclaimed the 4104$ levels, then $4150, and by the end of the movement shown on the chart, it reached the $4194 area.
๐ฏ Key levels Iโm watching:
๐ด First resistance: $4200
๐ Next resistance: $4230โ$4250
๐ข First support: $4175โ$4184
๐ต Next support: $4150โ$4156
โ ๏ธ Important support: $4104
๐ก Summary:
The rebound from the low was strong, but reaching resistance doesnโt automatically mean a breakout. Confirmation matters more than prediction, and risk management matters more than chasing a move.
In your opinion, can gold continue rising above 4200$ , or will we see another correction? ๐
#Gold #XAUUSD #GoldAnalysis #Trading #TechnicalAnalysis #Binance
Last week was full of volatility for gold, and the price taught us an important lesson in reading market movements! ๐
๐ Decline zone:
Gold reached a low near $4066, then attempts to rebound emerged.
๐ Recovery zone:
The price climbed again and reclaimed the 4104$ levels, then $4150, and by the end of the movement shown on the chart, it reached the $4194 area.
๐ฏ Key levels Iโm watching:
๐ด First resistance: $4200
๐ Next resistance: $4230โ$4250
๐ข First support: $4175โ$4184
๐ต Next support: $4150โ$4156
โ ๏ธ Important support: $4104
๐ก Summary:
The rebound from the low was strong, but reaching resistance doesnโt automatically mean a breakout. Confirmation matters more than prediction, and risk management matters more than chasing a move.
In your opinion, can gold continue rising above 4200$ , or will we see another correction? ๐
#Gold #XAUUSD #GoldAnalysis #Trading #TechnicalAnalysis #Binance