XAU/USD has been rejected at the 3,700 resistance zone, suggesting bullish exhaustion following the recent rally. A clear divergence at the highs adds weight to the potential for a reversal, with price already retreating toward the mid-range of the upward channel.
If momentum continues to weaken, a break below 3,635 could trigger a move toward the next key support at 3,570. As long as price remains below 3,700, the near-term bias favors sellers, with downside pressure likely to persist.
If momentum continues to weaken, a break below 3,635 could trigger a move toward the next key support at 3,570. As long as price remains below 3,700, the near-term bias favors sellers, with downside pressure likely to persist.
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.