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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

XAUUSD 1.10.2024

Technical Analysis
Tuesday, October 01, 2024 - 10:53
Point Trader Group
XAUUSD 1.10.2024

General Trend: Bullish

Expected Scenario:

The bullish trend is likely to continue if the price holds above the 2632 level. Breaking the resistance at 2682 could lead to further upside movement.

Alternative Scenario:

If the price fails to hold above 2632, it might test the support at 2531. A break below this level could see a deeper decline toward 2527.

Key Levels:

Resistance: 2632 – 2682

Support: 2531 – 2527

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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