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
Note: This part is being updated using Frustrader AI Integration. XAUUSD has no update for this session
CFDTechnical Review
Monthly Session : 4th Week
This currency pair is showing signs of a Bearish trend today. Traders considering Short positions may do so if the price drops below the '78.7'. This breakdown could pave the way towards the first target level 75.0 and potentially extend to 68.7. Further downside momentum might even pull the price towards 65.1 before this session ends.
In contrary, breaking above the price '78.7' may indicate a shift in sentiment, convincing traders to consider Long positions. In such a scenario, the price might climb towards the first resistance level 85.0 and possibly further to 88.7. A higher rise towards 94.9 is also probable before before we call it a day.
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