XAU/USD analysis for 06/08/24
I would like to present one of the most likely scenarios for the continuation of the gold trend after exiting the ascending channel in the range of $2285-2485.
Now the price has begun to clamp in an even narrower range of 2364-2476 and continues to move towards the support level of 2352-2364. These are key support levels, the breakthrough of which will indicate a downward trend reversal.
Now the price has begun to clamp in an even narrower range of 2364-2476 and continues to move towards the support level of 2352-2364. These are key support levels, the breakthrough of which will indicate a downward trend reversal.
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