Gold ( XAUUSD ) analysis
https://www.tradingview.com/chart/8zkc9xZA/?symbol=EIGHTCAP%3AXAUUSD
On the 4-hour chart, XAUUSD has developed a head and shoulders pattern, indicative of a classic reversal trend. The price is currently hovering around a pivotal support level, with the moving averages suggesting a potential for further downward movement.
A selling opportunity for XAUUSD may arise if the price breaks below the support at 2330, potentially leading to a further drop towards 2285.
On the 4-hour chart, XAUUSD has developed a head and shoulders pattern, indicative of a classic reversal trend. The price is currently hovering around a pivotal support level, with the moving averages suggesting a potential for further downward movement.
A selling opportunity for XAUUSD may arise if the price breaks below the support at 2330, potentially leading to a further drop towards 2285.
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