empty
 
 
07.06.2023 08:02 AM
XAUUSD , H4 | Falling to support?

This image is no longer relevant

The XAU/USD (Gold/US Dollar) chart shows a bullish momentum, suggesting an upward trend. The price has the potential to continue rising towards the first resistance level. There are two support levels, with the first at 1952.65 as an overlap support and the second at 1937.01 as a multi-swing low support. On the upside, there is a first resistance at 1981.70, identified as an overlap resistance, and a second resistance at 1999.41, acting as a pullback resistance. An intermediate resistance at 1967.23, coinciding with the 61.80% Fibonacci retracement level, adds to its significance.

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback