Xauusd: trade in the direction of the trend
Hello dear friends!
On the last day of this week's trading session, gold experienced a gentle recovery with prices fluctuating around $2030, marking a 0.33% increase for the day.
However, it also faced immediate resistance at this level, along with the activity zone of the 34th and 89th EMA. The price may retreat to $2010 if there is end-of-day news supporting the USD.
Conversely, if the price successfully surpasses that resistance level, it will open up strong buying opportunities with a target of $2055.
On the last day of this week's trading session, gold experienced a gentle recovery with prices fluctuating around $2030, marking a 0.33% increase for the day.
However, it also faced immediate resistance at this level, along with the activity zone of the 34th and 89th EMA. The price may retreat to $2010 if there is end-of-day news supporting the USD.
Conversely, if the price successfully surpasses that resistance level, it will open up strong buying opportunities with a target of $2055.
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📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
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