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Follow the trend and focus on selling at high resistance levels


Follow the trend and focus on selling at high resistance levels

gold to dollar Pepperstone:XAUUSD



📌 Follow the trend and focus on selling at high resistance levels

🌏 1. Asian time
Gold prices stabilized near the 4500 mark and tested the 4520-4530 resistance level. 📌The weak rebound failed to break through the 4550 level and is currently trading in the 4480-4530 range.

🇪🇺2. European time
Failure to break above the 4550 level will lead to a decline towards the 4470-4480 support levels. 🔻 Breaking through the 4550 level is rare; reaching the 4600 level will lead to a rapid decline.

🇺🇸 3. United States
Pay attention to the Fed’s speech and US data. 👀 Hardened sound pressure level 4450. No new news ← The price fluctuated sideways at a low level and closed weakly, continuing the downward trend. 📉



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