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On Thursday, gold (XAU/USD) continues to remain under selling pressure.
From a technical perspective, the XAU/USD pair maintains a short-term bearish bias, remaining within a descending channel and trading below the 200-day moving average. The Relative Strength Index (RSI) remains near the 35 mark, signaling weak demand. At the same time, the MACD indicator remains in negative territory, indicating the dominance of downward momentum.
Under current conditions, the price may test support located near the $4,350 level, further confirming the break below the important 200-day moving average. A confident consolidation below this area would open the way for a deeper correction within the broader downward phase.
On the other hand, recovery attempts may encounter initial resistance near the $4,450–4,480 level. An upward breakout would allow the price to reach the 20-day SMA around $4,580, followed by the 50-day moving average in the $4,630–4,650 range, which acts as a stronger supply zone.
*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।
