XAUUSD Currently Resistance on Daily Chart
The Price of gold at 1833 crashed on the 4th of August 2021 during the Institute Supply Management Economic Event.
XAUUSD crashed further the following week till it reached the Major Support level at 1680.
Price reach 1933 on more time, during the Non Farm Payroll Economic event which it reacted and the price of Gold fell to 1723.
Now XAUUSD is currently at the Major Resistance that can be seen in the Weekly and Daily Chart.
The probability that price will break the resistance without any Economic event is 7/10.
Areas to be watched out for are 1845, 1860, 1900.
Until then Cheers.
Risk management is Utmost, as the Market is always right!
XAUUSD crashed further the following week till it reached the Major Support level at 1680.
Price reach 1933 on more time, during the Non Farm Payroll Economic event which it reacted and the price of Gold fell to 1723.
Now XAUUSD is currently at the Major Resistance that can be seen in the Weekly and Daily Chart.
The probability that price will break the resistance without any Economic event is 7/10.
Areas to be watched out for are 1845, 1860, 1900.
Until then Cheers.
Risk management is Utmost, as the Market is always right!
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