📊 Gold (XAU/USD) - Detailed Technical Analysis
🟡 Fundamental Data:
· Current Price: $2,327 per ounce
· Daily Change: -0.4%
· Weekly High: $2,345
· Weekly Low: $2,310
📈 Daily Timeframe (D1):
🔸 Overall Technical Perspective:
Gold is trying to establish itself above the $2,320 level after a strong rise this month. The technical pattern indicates:
✅ Bullish Signals:
1. Moving Averages:
· MA 50 (2,285) below the current price ✓
· MA 200 (2,150) forms strong support ✓
· Golden Cross active since April ✓
2. Technical Indicators:
· MACD: Buy signal with bullish divergence
· RSI: at 62 (positive without overbought conditions)
· Ichimoku Cloud: price above the entire cloud
⚠️ Risks and Warnings:
1. Strong resistance at $2,345-$2,350
2. Weak current bullish momentum
3. Concerns about a technical correction of 3-5%
🎯 Critical Levels:
▶️ Major Resistances:
1. $2,345 (Weekly Resistance)
2. $2,365 (March 2024 Peak)
3. $2,400 (Strong Psychological Target)
⏸️ Equilibrium Zone:
$2,300 - $2,345
🛡️ Vital Support:
1. $2,310 (Immediate Support)
2. $2,285 (MA 50 + Technical Support)
3. $2,250 (Strong Monthly Support)
💎 Key Fundamental Factors Influencing:
✅ Supportive for Gold:
· Expectations for interest rate cuts in 2024
· Ongoing geopolitical tensions
· Increased central bank demand
· Weak dollar recently
$XAU
$BTC
