empty
16.01.2024 05:54 AM
XAU/USD H4 | Falling to support

This image is no longer relevant

The XAU/USD (Gold/US Dollar) chart suggests a potential bearish scenario with a focus on continuing towards the support levels. Here are the key support and resistance levels:

Resistance Levels:

The 1st resistance level at 2058.27 is identified as "An Overlap resistance." This level may act as a significant barrier to further upward movement in the price of gold.

The 2nd resistance level at 2077.23 is also labeled as "An Overlap resistance." It represents another level where selling pressure could potentially emerge and limit any bullish momentum.

Support Levels:

The 1st support level at 2038.74 is marked as "Pullback support." This level could attract buying interest and serve as a potential area of price reversal or consolidation.

The 2nd support level at 2016.85 is identified as "An Overlap support." It represents another important support zone where traders might consider entering long positions.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dean Leo
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Forecast on November 14, 2025

On Thursday, the EUR/USD pair consolidated above the 61.8% retracement level at 1.1594 and rose toward the resistance level of 1.1645–1.1656, as forecast. A rebound from this zone on Friday

Samir Klishi 11:06 2025-11-14 UTC+2

GBP/USD Forecast on November 14, 2025

On the hourly chart, the GBP/USD pair on Thursday made another rebound from the 161.8% retracement level at 1.3110 and rose above 1.3186. At that moment, it might have seemed

Samir Klishi 11:03 2025-11-14 UTC+2

GBP/USD. Technical Analysis on November 14, 2025

On Thursday, the pair moved upward, tested the 21-period EMA at 1.3214 (thin black line), and then the price went down, closing the daily candle at 1.3187. Today the pair

Stefan Doll 10:52 2025-11-14 UTC+2

EUR/USD. Technical Analysis on November 14, 2025

On Thursday, the pair moved upward, tested the 50% retracement level at 1.1655 (blue dashed line), and then went down, closing the daily candle at 1.1632. Today it may continue

Stefan Doll 10:46 2025-11-14 UTC+2

Forex forecast 14/11/2025: EUR/USD, USD/JPY, GBP/USD, Gold, SP500 and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:13 2025-11-14 UTC+2

Trading Signals for EUR/USD for November 14-17, 2025: sell below 1.1650 (200 EMA - 7/8 Murray)

ER/USD is trading around 1.1639, above the 200 EMA, and above the 21 SMA, within a descending trend channel. In the coming hours, the euro could reach the strong resistance

Dimitrios Zappas 06:12 2025-11-14 UTC+2

Trading Signals for GOLD (XAU/USD) for November 14-17, 2025: sell below $4,250 (21 SMA - 7/8 Murray)

XAU/USD is trading around 4,203, above the 21-SMA and within the ascending trend channel formed since early November. Yesterday, during the US session, gold underwent a sharp technical correction from

Dimitrios Zappas 06:09 2025-11-14 UTC+2

Trading Signals for BITCOIN for November 13-15, 2025: buy above $101,300 (21 SMA - 3/8 Murray)

In case of a pullback, we can expect the instrument to attempt to test the bottom of the ascending trend channel around 101,375. This area could be seen

Dimitrios Zappas 16:46 2025-11-13 UTC+2

Trading Signals for EUR/USD November 13-15, 2025: buy above 1.1600 (21 SMA - 7/8 Murray)

If a consolidation occurs above the 7/8 Murray level, the outlook could be positive for the euro, and any pullback will be seen as an opportunity to open long positions

Dimitrios Zappas 16:30 2025-11-13 UTC+2

Forex forecast 13/11/2025: EUR/USD, USD/JPY, GBP/USD, USDX, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 13:21 2025-11-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.