Technical outlook for Monday 5/6/2024
📊 XAUUSD 1H

The 2283 area is still holding and strong, and after not breaking it and the price stabilizing above the 2268 area, the price will move upward towards 2370 – 2390.

However, if the area is broken and the price remains below 2268, we will witness a decline in the price of gold heading towards the 2228 areas, then 2148. This scenario is considered difficult to achieve at the present time, but anything is possible in the market.