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Gold is trading around $4,058.84 within the uptrend channel formed since June 26 and is rebounding after reaching the lower band of the uptrend channel. Therefore, we believe that if XAU/USD consolidates above the 2/8 Murray level in the coming hours, a technical rebound could occur.
Looking at the H4 chart, we can see that gold left a gap between Friday's close and the opening of trading this week. Therefore, we believe that in the coming days, gold could return to the $4,100 and $4,124 levels and close the gap.
On the H4 chart, we can also see that gold has tested the lower band of the uptrend channel; if it consolidates within this channel and above the 2/8 Murray level in the coming hours, the outlook could be positive, and we could expect it to return toward $4,099.
A break above the 21 SMA could signal a positive outlook for gold, and we could expect it to reach the 200 EMA around $4,223 in the coming days—and it might even reach the 3/8 Murray level around $4,218.
Conversely, a drop below $4,050 could lead to a pullback toward the July 8 low or even the psychological level of $4,000.
*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।
