Gold; Next possible moves..(Read caption)

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Gold XAUUSD H1 Analysis

Gold (XAUUSD) is currently trading in a sideways range, awaiting a catalyst, likely the Core Inflation Data release. The price is hovering between two key zones – a Selling Area at 3328–3331 and a Buying Area at 3298–3295, forming a classic consolidation structure.

If price manages to push up into the 3328–3331 zone, a rejection from this resistance could trigger a short-term bearish move back toward the support zone near 3300. This would maintain the current rangebound structure.

However, a confirmed break and hold above 3331 could open the door for a bullish continuation toward the next resistance zone at 3350–3353.

To the downside, if the price breaks below 3295, deeper support is expected around 3260–3257, which is considered a Good Buying Area for long term opportunities.

Until the inflation data release, expect choppy and range-bound behavior.

Key Levels:
Selling Zone: 3328–3331 (active resistance)
Buying Zone: 3298–3295 (current support)

Major Support Zone: 3260–3257
Major Resistance: 3350–3353

Buy Setup; Buy from 3295-92 (Active setup, In play)
stop loss at 3286
tps at 3302, 3309, 3316
Sell setup; Sell from 3328-31
stop loss at 3337
tps at 3321, 3314, 3307.

Note; This is for educational purposes not trading advice

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Jacks; Trade Safe..!
Trade active
Buy setup active now
Note
TP 1 hit 70 pips done with buy setup.
Note
100 pips done

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