Oro / DollaroLong
XAUUSD Support & Resistance
Gold (XAUUSD) is currently trading at a key level of support and resistance.
In terms of Indian Rupees (INR), the support and resistance levels for Gold (XAUUSD) can be translated as follows:
- Support level: Around ₹130,000 per 10 grams
- Resistance level: Around ₹134,000 per 10 grams
These levels are crucial for traders to monitor as they can indicate potential reversals or breakouts in the price of gold. If the price drops below the support level, it may further decline towards the next support level around ₹128,000. Conversely, if the price breaks above the resistance level, it could potentially rally towards ₹136,000.
Please keep in mind that these levels are approximate and subject to market fluctuations. It's recommended to use additional analysis and indicators to make well-informed trading decisions.
In terms of Indian Rupees (INR), the support and resistance levels for Gold (XAUUSD) can be translated as follows:
- Support level: Around ₹130,000 per 10 grams
- Resistance level: Around ₹134,000 per 10 grams
These levels are crucial for traders to monitor as they can indicate potential reversals or breakouts in the price of gold. If the price drops below the support level, it may further decline towards the next support level around ₹128,000. Conversely, if the price breaks above the resistance level, it could potentially rally towards ₹136,000.
Please keep in mind that these levels are approximate and subject to market fluctuations. It's recommended to use additional analysis and indicators to make well-informed trading decisions.
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( Contact Number - +91 76782 40962 )
(Mail - Empirecrowntrade@gmail.com)
(Telegram - @Empirecrowntrade)
(whats app code - wa.link/tjaycw )
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