Follow-up to my Oct 19 Post: $4150 Support Call
$XAUT On Oct 19 I said $4150 is support. Today it broke and became resistance - Low $4110.29 hit.
9:01 PM Update:
Last Price: $4,127.83 (5m) / $4,127.01 (1m)
24h High: $4,149.86 | 24h Low: $4,110.29
What Chart Shows:
5m: MA(7) $4,128.66, MA(25) $4,133.47, MA(99) $4,121.88 - Price below MA7 & MA25
1m: MA(7) $4,127.26, MA(25) $4,128.73, MA(99) $4,134.87 - Weak momentum, new low $4,126.18
Key Levels:
Resistance: $4,133 -> $4,149.86 -> $4,151-$4,154 (4H cluster)
Support: $4,121.88 (5m MA99) -> $4,110.29 -> $4,076.01 (Oct 16 Low)
Bias: Bearish below $4,133. Need close above $4,149.86 for bullish reversal.
Not financial advice. DYOR.
#XAUT #GOLD_UPDATE #XAUUSD #GoldAnalysis #tradingview