@xauusd @XAUUSD-

General outlook

XAUUSD has been trading in a bullish trend from 23 March.

Now, the support level is located at 4,170.00. Resistance levels are now located at 5,000.00 and 5,400.00.

If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a take profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.

The upcoming news will not influence your orders within the mentioned period.

Some traders may close their positions on Friday, which can add more pressure to the market.

We will publish our next post on support and resistance levels at 4:00 a.m. UTC on 13 April. Come back to discover more trading insights.

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