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08.01.2024 04:57 AM
XAU/USD Day I Falling to support level

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The XAU/USD chart is currently indicating the potential for a bearish continuation towards the 1st support level.

Resistance Level:

The 1st resistance level at 2083.85 is influenced by "Multi-swing high resistance," signifying a significant barrier to further upward price movement.

Support Levels:

The 1st support level at 2008.84 is identified as "Pullback support," suggesting a crucial area where buying interest may emerge, potentially facilitating a bounce. Additionally, the 2nd support level at 1978.34 is supported by "An Overlap support," reinforcing its role as a substantial support zone.

Dean Leo,
Analytical expert of InstaForex
© 2007-2026
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