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
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.