FX.co ★ XAUUSD ANALYSIS

EUR USD M30 TECHNICAL ANALYSIS Hello. Regarding the Iranian situation, news emerges daily. The signing of an agreement would reduce uncertainty, but gold’s potential rise remains uncertain. We'll see how things play out. For now, sellers are trying to close yesterday's gap, and if we consider a downward scenario, sellers would need to break through and merge below 4488.52. The first target, if successful, would be 4453.47. Sellers could expect a further decline to 4350.87 if they hold at 4488.52. In the event of renewed growth, buyers would need to break through and merge above 4589.16. Should they consolidate there, the price has the potential to ascend to 4718.60. XAUUSD M30 pair: 1 - Yesterday, experts anticipated that Gold would present a sell entry point at 4536.72. The price broke through this level and reached the first target at 4517.04. 2 - Regarding the bands, the price is attempting to form an exit towards the lower band. To get a reliable signal for a price decline, it is worth waiting for an active touch of the lower band, and then assess whether the bands will open outward or there will be no reaction. 3 - The AO indicator is growing in negative territory. If we see more active acceleration soon, we will receive a stronger signal for a price decline. To get a reliable signal for a price increase, it is worth waiting for an active attenuation towards the zero mark. 4 - Under current conditions, sales can be considered from 4500.37. A price drop with an active breakout and consolidation can be expected to the levels of 4481.91 and 4458.68. 5 - The entry point for purchases in the current conditions can be at the level of 4536.72; happen a breakout and consolidation, the price growth can continue to the levels of 4583.86 and 4643.44.