XAUUSD moves within the 4,170.00–5,000.00 range. What's next?
Get analysis explanation:support and resistance
General outlook
XAUUSD has been trading in a bullish trend within the last day.
Now, the support level is located at 4,170.00.
Resistance levels are now located at 5,000.00 and 5,400.00.
If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a take profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.
The upcoming news will not influence your orders within the mentioned period.
We will publish our next post on support and resistance levels at 6:00 p.m. UTC today. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.
$XAU #xauusd #GOLD #Write2Earn
