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CFD Analysis GOLD (Price Action)
The CFD Analysis GOLD across these four distinct time frames is meticulously generated by our Dedicated AI System, a proprietary creation of the Frustrader Team. Any unauthorized copying, sharing, or posting of this content is strictly prohibited, unless explicit permission has been granted and proper attribution to the source is provided for the end-user.
Intraday
Daily
Weekly
Monthly
CFDTechnical Levels
Intraday Session : Dead
The prevailing market sentiment indicates a Bullish bias for this instrument today. Traders who expect upward movement may consider Long positions right after the price jumps above the '2384.7'. This breakthrough could lead to the attainment of the first target level 2395.3, coupled with the second target level 2401.4. Further push might even lead the price towards 2412.0 before the day gets over.
Oppositely, breaking lower the price '2384.7' could indicate a potential reversal, getting traders to consider Short positions. In this format, not only may the price fly towards the first support level 2378.6 , but it may also see 2368.0. A more substantial decline towards 2361.9 is also on the way to get the session over.
#Intraday #XAUUSD #CFDTechnical Levels
Note: This part is being updated using Frustrader AI Integration. XAUUSD has no update for this session
CFDTechnical Analysis
Daily Session : Sydney
The prevailing market sentiment indicates a Bullish bias for this instrument today. Traders who expect upward movement may consider Long positions right after the price jumps above the '2372.9'. This breakthrough could lead to the attainment of the first target level 2392.8, coupled with the second target level 2421.1. Further push might even lead the price towards 2440.9 before the day gets over.
Oppositely, breaking lower the price '2372.9' could indicate a potential reversal, getting traders to consider Short positions. In this format, not only may the price fly towards the first support level 2344.6 , but it may also see 2324.7. A more substantial decline towards 2296.4 is also on the way to get the session over.
#Daily #XAUUSD #CFDTechnical Analysis
Note: This part is being updated using Frustrader AI Integration. XAUUSD has no update for this session
CFDTechnical Outlook
Weekly Session : Friday
This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '2426.0'. In that case, the first target price 2368.2 may be reached, as well as the second target price 2335.9. Subsequently, the price may extend further and finally reach 2278.1 by the end of today's market session.
On the other hand, if the price breaks above '2426.0', it may indicate a shift in momentum, leading to a potential Long position. In such a scenario, the price could rise towards the first resistance level 2458.3 and even test 2516.1. Lastly, a stronger increase towards 2548.3 is also possible by the end of today's trading session.
#Weekly #XAUUSD #CFDTechnical Outlook
Note: This part is being updated using Frustrader AI Integration. XAUUSD has no update for this session
CFDTechnical Review
Monthly Session : 4th Week
Anticipations indicate a Bullish bias for this currency pair today. Traders looking to capitalize on this momentum may consider Long positions if the price exceeds the '2333.6'. Upon surpassing this level, the first target 2380.6 becomes achievable, followed by the second target 2434.7. Furthermore, It is even possible for the price to ascend towards 2481.7 before the end of today's market session.
Nevertheless, a breach below the '2333.6' could indicate a potential reversal, leading to Short positions. In such a scenario, the price could retreat towards the first support level 2279.5 and perhaps test 2232.5. A more substantial decline towards 2178.4 is also plausible before the market closes today.
#Monthly #XAUUSD #CFDTechnical Review
