Skip to content XAUUSD Technical Analysis – Key Return Insights
FxNews—In today’s XAUUSD technical analysis, the gold price rebounded from $2,050. This return was expected, considering the currency pair’s overbought condition.
XAUUSD Technical Analysis – Key Return Insights
The RSI indicator and the Stochastic oscillators are still in the overbought zone. Consequently, we anticipate a further correction in gold’s price towards the middle line of the bullish flag, followed by the 23.6% Fibonacci retracement level.
XAUUSD Technical Analysis – Key Return Insights – 4H Chart
FxNews analysts recommend closely monitoring the key support area at $2,023. This price level presents an ideal entry point for retail traders looking to add fresh, long positions to the XAUUSD pair.
J.J Edwards is a finance expert with 15+ years in forex, hedge funds, trading systems, and market analysis.
