📊 Gold Analysis (XAU/USD) | Price: 4087
🔻 Reason for the drop: Gold has faced selling pressure and profit-taking after reaching higher levels. At the same time, the relative strengthening of the dollar and increased caution among traders have also helped the price to correct.
🟢 Supports: 4060 | 4030 | 4000
🔴 Resistances: 4100 | 4135 | 4180
📉 As long as the price is below 4100, there is a possibility of a correction to 4060 and then 4030. However, if it consolidates above 4100 again, it can resume the upward trend.
$XAU
$XAG
$USD1
🔻 Reason for the drop: Gold has faced selling pressure and profit-taking after reaching higher levels. At the same time, the relative strengthening of the dollar and increased caution among traders have also helped the price to correct.
🟢 Supports: 4060 | 4030 | 4000
🔴 Resistances: 4100 | 4135 | 4180
📉 As long as the price is below 4100, there is a possibility of a correction to 4060 and then 4030. However, if it consolidates above 4100 again, it can resume the upward trend.
$XAU
$XAG
$USD1