Forex Daily Pivot Points and Market Situation:
Daily Pivot Point of GOLD (XAU) Sybmol in 30M Time Frame Chart is: 4138 and Preferred situation is Bearish.
Forex Daily Support and Resistance Lines:
Technical analysis of GOLD (XAU): Resistance Lines of Day in 30M Time Frame:
- Resistance Level 3: 4200
- Resistance Level 2: 4177
- Resistance Level 1: 4138
Technical analysis of GOLD (XAU): Support Lines of Day in 30M Time Frame:
- Support Level 1: 4053
- Support Level 2: 4029
- Support Level 3: —
Forex Trading Signals:
Our Preferred Senario is Short Positions (Sell) under 4138 with first target at 4053 and second target at 4029 in extension as take profits.
If the market moves in the opposite direction, Alternative Senario is Long Positions (Buy) above 4138 with first target at 4177 and second target at 4200 in extension as take profits
