FX.co ★ king.zelda | XAU/USD, GOLD

Gold XAUUSD (H4) is trading below the day's opening level of 3112.00 and below the daily Pivot level of 3111.00. The main indicators show a bearish trend and the price is below the MA72 trend line, where volume unloading usually occurs. A price increase above the level of 3057.00 will allow the price to move towards the level of 3075.00 or even higher towards the level of 3111.00. Below the level of 3057.00, the pair will move south towards the level of 3041.00 and may even go lower to 3035.00. The pair is trading above the monthly Pivot level of 3035.00, below the weekly Pivot level of 3057.00, and below the daily Pivot level, indicating a strong correctional sentiment for the pair. The key level on this session is the weekly Pivot level of 3057.00. The monthly Pivot of 3035.00 may potentially support the pair from further decline. I am awaiting the speech of

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