XAUUSD For Sell
Gold price analysis
Expected scenario
Gold price is testing the pivotal resistance level $2340.10,
The price needs to remain below this level for the bearish corrective trend to remain in place, remembering that our next target is at $2272.06.
On the other hand, it should be noted that breaching $2340.10 and holding above it will stop the negative scenario and push the price to build an ascending wave whose targets begin testing the $2380.00 areas.
Expected trading range
Between support $2305.00 and resistance $2345.00.
Expected scenario
Gold price is testing the pivotal resistance level $2340.10,
The price needs to remain below this level for the bearish corrective trend to remain in place, remembering that our next target is at $2272.06.
On the other hand, it should be noted that breaching $2340.10 and holding above it will stop the negative scenario and push the price to build an ascending wave whose targets begin testing the $2380.00 areas.
Expected trading range
Between support $2305.00 and resistance $2345.00.
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