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Gold is currently trading around $4,404, pulling back after reaching a high of $4,510 during the US trading session on September 13; this technical correction reached the 61.8% retracement level at around $4,375.
Given that XAU rebounded from $4,282 to $4,510, the instrument could consolidate above the 200 EMA, above the 4/8 Murray line, and above the 61.8% Fibonacci level, as this entire zone represents strong support.
If gold reaches $4,377 in the coming hours and we see a technical rebound, this could be viewed as a buy signal, with targets at the 23.6% Fibonacci level around $4,453, and the price could ultimately reach the 7/8 Murray level around $4,609.
If gold falls below $4,375, we could expect it to retest the 3/8 Murray level around $4,296; this zone could act as strong support for gold.
Given that the Eagle indicator has reached technically oversold levels, this presents a buying opportunity in the coming days as long as the price remains above the 4/8 Murray level.
*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।
