Forwarded from DOM VIP
š MARKET UPDATE: GOLD / XAUUSD š
Gold is currently price around 4,445 and is trying to move higher after the recent drop. The important resistance is around 4,460ā4,470, while support is around 4,410ā4,420.
If Gold breaks above 4,460ā4,470 and stays above it, buyers may push the price toward 4,480ā4,490. This would give a stronger bullish signal.
If Gold fails to break 4,460ā4,470 and gets rejected, sellers may push it back down toward 4,410ā4,420. For now, wait for a clear breakout or rejection before entering.
Gold is currently price around 4,445 and is trying to move higher after the recent drop. The important resistance is around 4,460ā4,470, while support is around 4,410ā4,420.
If Gold breaks above 4,460ā4,470 and stays above it, buyers may push the price toward 4,480ā4,490. This would give a stronger bullish signal.
If Gold fails to break 4,460ā4,470 and gets rejected, sellers may push it back down toward 4,410ā4,420. For now, wait for a clear breakout or rejection before entering.