Update gold price on the first day of the week
Gold prices (XAU/USD) continued to decline throughout the day until the start of the European trading session on Monday, hitting the week's lowest level around $2,350.
From a technical perspective, the price action has formed a rectangle over the past week, marking a consolidation phase following a strong recovery. Oscillators have moved away from the overbought region, suggesting that the path of least resistance for gold prices may be upwards. Optimistic investors might wait for stability above the $2,400 level — the highest point of the trading range — before seeking further profits.
Conversely, a critical support zone around $2,364-$2,363 could protect against further immediate declines. A convincing break below this could prompt technical selling, potentially driving gold prices down to the $2,325-$2,322 area en route to the round figure of $2,300.
From a technical perspective, the price action has formed a rectangle over the past week, marking a consolidation phase following a strong recovery. Oscillators have moved away from the overbought region, suggesting that the path of least resistance for gold prices may be upwards. Optimistic investors might wait for stability above the $2,400 level — the highest point of the trading range — before seeking further profits.
Conversely, a critical support zone around $2,364-$2,363 could protect against further immediate declines. A convincing break below this could prompt technical selling, potentially driving gold prices down to the $2,325-$2,322 area en route to the round figure of $2,300.
액티브 트레이드
거래청산: 타겟 닿음:
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
