XAUUSD- SENSTIVE SITUATION WITH BEARISH MOMENTUM

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Gold Technical Analysis

The price is consolidating between 2637 and 2649, with stability above 2649 which is bullish toward 2661 and 2678,
Otherwise closing 1h or 4h candle below 2637 will support bearish toward 2624

Key Levels:
Pivot Point: 2637
Resistance Levels: 2649, 2661, 2678
Support Levels: 2625, 2612, 2585

Trend Outlook
Uptrend: Bullish momentum is expected if the price holds above 2649.
Bearish Momentum: Dominant as long as the price remains below 2647 and especially 2638.
Dagangan aktif
The price reversed and now stabilized above 2649 will support bullish to get 2661 and 2678

So now has a bullish trend as long as trade above 2649
GoldSupply and DemandSupport and ResistanceTrend AnalysisXAUXAUUSD

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