XAU/USD Technical Analysis
gold prices are consolidating within a range of $2,900 to $2,932 per ounce, maintaining support above the critical psychological level of $2,900. This consolidation phase suggests a potential buildup for a directional move.
Technical Analysis:
On the H1 timeframe, immediate support is identified at $2,911 per ounce & 2902-2900. Sustaining above this level could embolden buyers to challenge the next resistance zone around $2,928-2932 per ounce. A successful breach of this resistance may pave the way toward the $2,942 per ounce mark.
Technical Analysis:
On the H1 timeframe, immediate support is identified at $2,911 per ounce & 2902-2900. Sustaining above this level could embolden buyers to challenge the next resistance zone around $2,928-2932 per ounce. A successful breach of this resistance may pave the way toward the $2,942 per ounce mark.
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