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XAU/USD Analysis Key Levels and Price Projections for Late 2024

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I don’t know if this is valid or not since it’s purely based on my analysis and not an invitation to buy or sell. Please consider it as a reference only.

I observe that gold or XAU/USD is currently experiencing a decline, potentially reaching $2625 and possibly as low as $2600 at its strong support level. I’m not confident that XAU/USD will break below that price because it is a key level where the price is very significant. Therefore, it’s likely that the price will rebound from the $2625-$2600 range and head back upward, with a possible long-term target of $2700.

Currently, the price is at the psychological key level of $2650, where there is a chance of a slight increase before either continuing downward toward the $2625-$2600 area or rebounding. Be cautious if the price breaks below the $2600 support level, as it could lead to a significant drop. This makes it a very critical key level.
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Full tp guys!!! hippy

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