XAUUSD Gentle and relaxing weekend

XAUUSD broke above the 20-day Simple Moving Average (SMA) at $1,974 and the $1,975 resistance area, rising to $1,987, the highest level since November 6. As long as the price remains above $1,974, the focus will be on the next strong resistance area seen at $1,992. A break above this area would likely see the yellow metal rise above $2,000.

The 4-hour chart shows positive signs ahead of the Asian session, suggesting that the upward trend might continue. Immediate support stands now at $1,975, followed by the 100-SMA and then a key uptrend line at $1,964. A slide below the latter would indicate the end of the current rally, suggesting a potential initial decline to $1,950.

Support levels: $1,974 $1,962 $1,954

Resistance levels: $1,992 $2,001 $2,010

Commentaire:

🌐 GOLDEN PLAN 11/17

➡️We have price zones to pay attention to:

📉 SELL watch Price range 1995$ - 1993$ - stoploss: 1999$

📈 Watch to BUY price range 1968$ - 1970$ - stoploss: 1964$


Note: Full TP, SL to be safe and win the market ‼️