This analysis suggests that taking a short position on XAU/USD may be a good idea in the short term. The decision to do so is based on two key factors:
The price is currently at a key 4-hour resistance level of 1975.90
The swing up has been measured using a Fibonacci retracement from the last swing high on the 1-hour chart at 1927.49 to 1990, and the 61.8% retracement level on the pullback is at 1943, which is another 4-hour support/resistance level.
If the price fails to break above the 4-hour resistance level, it could potentially find support at the 61.8% retracement level at 1943. However, if this support level does not hold, the price could continue to move lower towards the next support level at 1927.49.
The price is currently at a key 4-hour resistance level of 1975.90
The swing up has been measured using a Fibonacci retracement from the last swing high on the 1-hour chart at 1927.49 to 1990, and the 61.8% retracement level on the pullback is at 1943, which is another 4-hour support/resistance level.
If the price fails to break above the 4-hour resistance level, it could potentially find support at the 61.8% retracement level at 1943. However, if this support level does not hold, the price could continue to move lower towards the next support level at 1927.49.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。