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XAUUSD recovered some losses after yesterday's decline. Now, it is trading at 1,785. In the absence of significant news, the US dollar index (DXY) remains the only indicator of the pair's moves.
If the price passes the initial resistance level of 1,789.42, it could test the next higher at 1,795.71.
Gold prices have stalled having bounced to retest the familiar congestion area clustered around the 1800/oz figure. A pullback from here sees initial support in the 1755-65 zone, marked by another long-standing inflection region as well as the 38.2% Fibonacci expansion.
Breaking lower with confirmation on a daily closing basis puts the 50% Fib at 1717.42 into focus, followed by the 2021 bottom in the 1670-80 area. The 61.8% expansion acts as reinforcement here. Alternatively, securing a breach above resistance may bring a test of the 1830-40 sector.
Alternatively, if the price reverses, then it could reach the first support level of 1,778.85.A pass below the first level can move the price up lower toward 1,770.62.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
