WEEKLY SCENARIO FOR XAUUSD
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The price is showing resistance near $2,570-$2,580 and support closer to $2,540, suggesting a possible test of these levels
The price has been in a consolidating downtrend recently, reacting to broader market influences such as the strength of the US Dollar and Treasury yields.
If bearish momentum continues, XAU/USD might test support near $2,530-$2,540. A reversal above $2,580 could indicate a shift toward a neutral or bullish correction.
This prediction is based on real-time technical analysis and is subject to market changes. Always monitor the latest data before making any trading decisions.
The price has been in a consolidating downtrend recently, reacting to broader market influences such as the strength of the US Dollar and Treasury yields.
If bearish momentum continues, XAU/USD might test support near $2,530-$2,540. A reversal above $2,580 could indicate a shift toward a neutral or bullish correction.
This prediction is based on real-time technical analysis and is subject to market changes. Always monitor the latest data before making any trading decisions.
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