Gold (XAUUSD) Technical Analysis Summary (2-Hour Timeframe):
1. **Price Action**:
- **Current Price**: 2,859.85 (down 0.36% intraday, but closed at 2,859.82, up 0.13% from prior close).
- **Session Range**: High **2,860.06** | Low **2,855.78**.
- Near-term resistance at **2,860.06**; support at **2,855.78** (session low) and **2,857.25** (EMA 20).
2. **Key Indicators**:
- **EMA 20**: 2,857.25 (price above EMA suggests short-term bullish bias).
- **RSI (14)**: 57.30 (neutral, no overbought/oversold signals).
- **Volume**: 7,859.44 (moderate activity; 9% increase).
3. **Fibonacci Levels**:
- Repeated support zone at **2,800.00** (0.302, 0.5, 0.618 retracements), but current price is far above this level.
4. **Outlook**:
- **Bullish Scenario**: Sustained hold above EMA 20 (2,857.25) could target a breakout above **2,860.06**, aiming for higher resistance.
- **Bearish Risk**: A drop below EMA 20 may trigger a test of **2,855.78** (session low).
- **Neutral RSI**: Indicates no immediate momentum extremes; watch for divergence.
**Actionable Insight**: Monitor price reaction at **2,860.06** resistance. A breakout with volume could signal continuation upward. Conversely, failure to hold EMA 20 may invite short-term selling. Long-term support remains at **2,800.00**, but not immediately relevant.
1. **Price Action**:
- **Current Price**: 2,859.85 (down 0.36% intraday, but closed at 2,859.82, up 0.13% from prior close).
- **Session Range**: High **2,860.06** | Low **2,855.78**.
- Near-term resistance at **2,860.06**; support at **2,855.78** (session low) and **2,857.25** (EMA 20).
2. **Key Indicators**:
- **EMA 20**: 2,857.25 (price above EMA suggests short-term bullish bias).
- **RSI (14)**: 57.30 (neutral, no overbought/oversold signals).
- **Volume**: 7,859.44 (moderate activity; 9% increase).
3. **Fibonacci Levels**:
- Repeated support zone at **2,800.00** (0.302, 0.5, 0.618 retracements), but current price is far above this level.
4. **Outlook**:
- **Bullish Scenario**: Sustained hold above EMA 20 (2,857.25) could target a breakout above **2,860.06**, aiming for higher resistance.
- **Bearish Risk**: A drop below EMA 20 may trigger a test of **2,855.78** (session low).
- **Neutral RSI**: Indicates no immediate momentum extremes; watch for divergence.
**Actionable Insight**: Monitor price reaction at **2,860.06** resistance. A breakout with volume could signal continuation upward. Conversely, failure to hold EMA 20 may invite short-term selling. Long-term support remains at **2,800.00**, but not immediately relevant.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.