empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

25.09.202414:29 विदेशी मुद्रा विश्लेषण और समीक्षा: Trading Signals for GOLD (XAU/USD) for September 25-27, 2024: sell below $2,656 (6/8 Murray - overbought)

Relevance up to 08:00 UTC--4

Exchange Rates 25.09.2024 analysis

Early in the American session, XAU/USD is trading at 2,656, around 6/8 Murray, and within the bullish trend channel forming on the H4 hour chart since September 17. During the Asian session, gold reached the high of 2,670. Since then, it has been consolidating. This is likely to be the technical correction so that the metal could reach 2,632.

On the other hand, if gold consolidates above 2,656, it could resume its bullish cycle and could reach 2,670. Eventually, gold could even reach the daily R2 around 2,690.

Given that gold is overbought according to the H4 chart, we could expect a strong technical correction to occur in the next few hours, so we will look for opportunities to sell below 2,656.

Additionally, if the bearish force prevails and if the gold price consolidates below 2,632 (21 SMA), we could expect it to reach the 200 EMA around 2,530 in the short term.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.