empty
24.03.2023 07:09 AM
XAUUSD, H4 | Continue to 1st Support?

The XAU/USD chart currently has a bearish momentum, with potential for a bearish reaction off the first resistance level at 2007 and a drop towards the first support level at 1957. This support level has held prices up before and if broken, the price could drop towards the second support level at 1933. On the resistance side, the first resistance level is at 2007 with a 127% Fibonacci extension. An intermediate support level at 1982 could act as a pullback support if the price drops.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Tuesday January 07, 2025.

If we look at the 4-hour chart of the AUD/USD commodity currency pair, we can see several interesting things, namely, first, the appearance of a Bullish 123 pattern followed

Arief Makmur 05:57 2025-01-07 UTC+2

Technical Analysis of Intraday Price Movement of Platinum Commodity Asset, Tuesday January 07, 2025.

From what we can see on the 4-hour chart of the Platinum commodity asset, there appears to be an Equal High in the form of a Double Top (yellow circle)

Arief Makmur 05:57 2025-01-07 UTC+2

Forecast for EUR/USD on January 7, 2025

The EUR/USD pair has managed, although with some difficulty, to break beyond the 1.0350 resistance level. However, its attempt to approach the 1.0461 level was halted by the balance line

Laurie Bailey 04:23 2025-01-07 UTC+2

Forecast for GBP/USD on January 7, 2025

The recent rise of the pound has surpassed expectations, breaking through the 1.2510 resistance level as well as the high from January 2nd. However, this upward momentum has faced

Laurie Bailey 04:23 2025-01-07 UTC+2

Forecast for AUD/USD on January 7, 2025

Yesterday, the Australian dollar's attempt to rise was unsuccessful. The upper boundary of the descending price channel was not tested, and the Marlin oscillator did not reach the neutral zero

Laurie Bailey 04:22 2025-01-07 UTC+2

Trading Signals for EUR/USD for January 6-8, 2025: sell below 1.0425 (21 SMA - 200 EMA)

Early in the American session, EUR/USD was trading around 1.0411 reaching the top of the downtrend channel forming since November 22nd. During the European session, the euro had a strong

Dimitrios Zappas 17:13 2025-01-06 UTC+2

Trading Signals for GOLD (XAU/USD) for January 6-8, 2025: sell below $2,640 (21 SMA - 200 EMA)

A drop below 2,640 could accelerate the bearish movement of gold and the price could reach the psychological level of 2,600 which coincides with the bottom of the bullish trend

Dimitrios Zappas 17:05 2025-01-06 UTC+2

Video analysis forJanuary 06, 2024

Potential for the further rally on NAS100

Petar Jacimovic 14:00 2025-01-06 UTC+2

Forex forecast 06/01/2025: EUR/USD, GBP/USD, USD/JPY and Bitcoin

Video Agenda: 00:00 INTRO 00:15 Today's key events: HCOB Eurozone Composite PMI, S&P Global Composite PMI, German CPI 02:54 EUR/USD 06:31 GBP/USD 10:20 USD/JPY 12:32 BTC/USD Useful links: My other

Sebastian Seliga 11:05 2025-01-06 UTC+2

Forecast for EUR/USD on January 6, 2025

On Friday, the EUR/USD pair rebounded from the 127.2% corrective level at 1.0255, reversed in favor of the euro, and began rising toward the resistance zone of 1.0336–1.0346, a movement

Samir Klishi 11:01 2025-01-06 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.