XAUUSD Faces Resistance: Pullback or Breakout?

The 4-hour chart of XAUUSD on November 6 shows gold encountering strong resistance at 2,756.216 USD/oz, with the 34 and 89 EMA lines forming a major barrier.

If the price fails to break through this level, there is a high probability of a pullback to the support zone around 2,729.381 USD/oz, potentially dropping further to 2,717.105 USD/oz if selling pressure increases.

Investors should watch the price action at these support and resistance levels for informed decisions, especially as the USD remains strong due to monetary policy factors and geopolitical risks.
buyChart PatternsForexHarmonic PatternslongsetupSELLTechnical AnalysisTrend AnalysisXAUUSD

Penerbitan berkaitan

Penafian