XAUUSD Technical Analysis 11.03.2024

XAU is currently priced at $2177, experiencing a decrease of 0.10%. After reaching $2195 last week, it continues to undergo a retracement. If the $2195 level is breached, $2210 could be swiftly reached. $2150 is seen as a support level, and upward reactions from here could lead to a retest of the $2195 level. If $2150 fails to hold as support and a downward breakout occurs, the next support zone would be around $2100, considered a major support level.