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Gold is trading around 4,612 under bearish pressure. In recent trading, gold has been consolidating around 4,630. Currently, XAU/USD is above the 21 SMA at 4,607, which means that if there is a sharp break below this zone, we could expect a sharp fall in gold, which could reach 4,571 and finally 5/8 Murray and 4,531.
If gold consolidates above 4,625 in the coming hours, the outlook could remain bullish, and it could reach the 6/8 Murray at 4,687.
According to the H4 chart, gold is showing signs of exhaustion, so a sharp technical correction towards 4,531 is more likely in the coming hours, and the instrument could even cover the gap left at the beginning of the week around 4,515.
A sharp break below the uptrend channel and consolidation below 4,531 could accelerate gold's decline, and it could fall to the 4/8 Murray at 4,375, which represents strong support, and could even cover the gap left around 4,327.
The Eagle indicator is showing a negative signal, so we could look for opportunities to sell in the coming hours below 4,625-4,615 and below 4,607.
*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।
