XAUUSD tested the support level of 5,000.00: all you need to know
General outlook
XAUUSD has been under selling pressure within the last day.
Support levels are now located at 5,000.00 and 4,600.00.
Now, the resistance level is located at 5,400.00.
Analysts recommend opening a Buy order with a stop loss below the previous low.
The upcoming news will not influence your orders within the mentioned period.
We will publish our next post on support and resistance levels at 6:00 p.m. UTC today. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.
Analysis explanation:support and resistance
XAUUSDT
Perp
4,497.9
-0.25%