Hello Traders!
Analyzing XAU/USD on the H1 timeframe, we can observe that the 2643–2640 zone acts as a key support level for gold. If this zone holds, we could expect a retest followed by a move towards the trendline, potentially pushing prices up to the 2672–2680 level, where selling pressure might emerge.
However, if prices break below the 2643–2640 level, we may see gold decline further, targeting the 2428–2424 zone.
Stay vigilant and trade responsibly!
Analyzing XAU/USD on the H1 timeframe, we can observe that the 2643–2640 zone acts as a key support level for gold. If this zone holds, we could expect a retest followed by a move towards the trendline, potentially pushing prices up to the 2672–2680 level, where selling pressure might emerge.
However, if prices break below the 2643–2640 level, we may see gold decline further, targeting the 2428–2424 zone.
Stay vigilant and trade responsibly!
Trade active
took a selling risky trade here
Trade closed: target reached
today is scalping day selling generated 50+ pips now buying!
I’ll take a break from trading and resume on January 2nd, as the market is likely to remain slow and range-bound, except during news events. It’s better to avoid trading in such conditions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.