The price has broken through the downtrend line, indicating a positive shift in momentum. As long as the price can hold this area, buyers may continue to push the price to retest the psychological level of 4800. $XAU $XAUT #GOLD_UPDATE
$XAG Silver got rejected at the first micro resistance at $76.85 and that level is now the one to watch. Below it, downside pressure stays elevated. Above it, a more direct move higher opens up.
The next resistance sits at $77.93, a zone that has already rejected price multiple times. On top of that, the current structure looks like a rising wedge, which typically signals corrective upside and increases the probability of a downside break.
How price behaves around $76.85 is what matters right now. $XAU $XAUT
$BTC _ Now waking up in order to cross $1K rapidly growing Up continuesly upward moving will cross $75000 very soon . Stay connected follow for future updates 👍 $ETH $BNB
Gold reached a high of $4790, but there are currently no signs of breaking through $4800.
If you want to short gold, you can continue to maintain a bearish strategy below $4800, but remember to set a stop-loss at $4805-$4810. If it breaks through this area, abandon the sell order and instead go long on the breakout.
We do not trade blindly; we base our decisions on resistance or support levels.