Technical analysis of gold for Monday, 05/12/2024
For gold XAUUSD 1H
Currently gold is at 2360 levels
In the event that levels of 2353.55 are broken and stability below an hour candle, gold may reach levels of 2328, and another level will accompany the decline in the area of 2311.
However, in the case of procrastination and the trend is occasional and the order block area above it is not broken, it will rise to peaks it visited previously and reach levels 2420 – 2410.