empty
 
 
26.01.2024 05:58 AM
Gold (XAU/USD) H4 | Neutral bias

This image is no longer relevant

The Gold (XAU/USD) chart analysis suggests a neutral bias with the following key resistance and support levels:

Resistance Levels:

The 1st resistance level at 2,038.87 is identified as an "Overlap resistance". This level represents a significant barrier for upward price movement.

The 2nd resistance level at 2,058.86 is also described as an "Overlap resistance", indicating another critical resistance zone.

Support Levels:

The 1st support level at 2,004.31 is noted as a "Pullback support". It represents a key support level where buyers may provide some stabilization.

The 2nd support level at 1,976.68 is described as a "Swing-low support", serving as additional support below the first level.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dean Leo
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback